Market Highlights

Market Highlights

COVID-19, The Netherlands, and Palm Oil

A nation of traders by tradition, the Netherlands with its Port of Rotterdam – the largest seaport in Europe – and Schiphol Airport, a significant cargo center, serves as an import and distribution hub for the rest of Europe. The palm oil trade is no different. For years now, the Netherlands h...

Should Malaysia review its Biodiesel policy?

In order to answer this question, it should first be indicated that the implementation of the biodiesel program itself is directly related to the allocation of subsidies. The amount of subsidies, in turn, depends on the difference in price between vegetable oil and crude (mineral) oil. In general, t...

Malaysian B20 Biodiesel Affected by Low Crude Oil Prices

The United States crude oil benchmark price; West Texas Intermediate (WTI), turned negative for the first time in market history on 20 April 2020, dropping to negative $37.63. The negative WTI prices indicated that suppliers are offering to pay buyers to deal with the oil that are supposed to be del...

Would China gain from the excess CPO due to lower biodiesel mandate in producing countries?

For China, RBD Palm Olein (RBD PL) and RBD Palm Stearin (RBD PS) are the 2 major palm fractions predominantly imported by the country due to the applicable import duty structure. Both products have an estimated basic demand of 3.5-4.0 million MT and 1.5-1.7 million MT per annum respectively. Neverth...

Opportunities for Palm Oil in Central Eastern Europe

The following are most often referred to the countries of Central Europe: Austria; Hungary; Germany; Liechtenstein; Poland; Slovakia; Slovenia; Switzerland. Eastern Europe according to the UN Statistics Division: Belarus; Bulgaria; Hungary; Moldova; Poland; Russia; Romania Slovakia; Ukraine; Czech R...

Impressive Increase in 1st Quarter, 2020 Imports of MPO in Bangladesh

During Jan.-Mar. period of 2020, the import quantity of MPO showed a stunning performance achieving 121.12% growth compared to the corresponding period of 2019. Total import quantity of MPO, which includes bulk and consumer packs both, was 29,893 tonnes against 13,519 tonnes in the 1st quarter of 20...

Outlook for Palm Oil Demand in the Indian Subcontinent Region – Q2 2020

The South Asian countries in the Indian subcontinent region are important export destinations for Malaysian palm oil. At the end of 2019, MPO exports to this region registered an unprecedented record of 5.75 million MT, an increase of 36.3% from what had been achieved in 2018. The feat was largely a...

Outlook of Malaysian Biodiesel Mandate in 2020

COVID-19 pandemic has spread to over 190 countries and is having a noticeable impact on global economic growth. Based on the Organization for Economic Cooperation and Development (OECD) estimates so far, the virus could trim global economic growth by at least 0.5% to 1.5% but could rise to 2.0%...

The Impact of the COVID-19 Crisis on Palm Oil Trade and Consumption in Germany

Germany reported its first COVID-19 cases during January 2020. As of April 22, 2020, the Robert Koch Institute, an independent federal authority under the German Federal Ministry of Health, counted a total of 141,672 COVID-19 cases and 4,404 deaths due to COVID-19. Almost 70 percent of the cases are...

China’s Palm Oil Import – Q1 Performance and Q2 Outlook

China is among the largest importers of palm oil in the world and has a major influence on the supply and demand dynamics of this commodity . The official data from Chinese Customs in table 1 illustrates that China has decreased its overall palm oil import from 1,171,500MT to 882,200MT in Jan-Feb 20...

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