Market Highlights
Restrictions on Refined Palm Oil Import in India to Revitalize Palm Oil Refining Sector in Nepal
Nepal’s edible oil refining industries, which were suffering from underutilization of capacity since long, got a new life with the imposition of some restriction on imports of refined palm oil and palm olein on January 08, 2020 and has started issuing licenses to import refined palm olein from Nepal...
Would there be an Impulsive Consumption after the Covid-19 Lockdown is Lifted in China
End of Lockdown With the lockdown in Wuhan lifted on 8 Apr, China could be considered a country where covid-19 outbreak is official under controlled. At the same time, recognizing the need to bring the economy back on track immediately, the country’s policymakers from central to local governme...
Impact of COVID–19 on Ramadan Consumption of Oils and Fats
Ramadan, the peak consumption period of oils and fat, especially palm oil in Bangladesh is about to commence. However, because of MCO (Movement Control Order) imposed by the Government to arrest spreading of COVID – 19, trading of oils and fats have fallen drastically to about one third of normal tr...
Continuing Impact Of COVID-19 Restrictions
The country is waiting with bated breath as the countdown to the ending of the extended session of the national lockdown is around the corner, on 3rd May 2020. Various states have already started lifting the restrictions partially, based on local conditions, but the central government is not too hap...
China’s Hog Production Growth – A Post-ASF Update
The African Swine Fever (ASF) epidemic, a viral disease that affects only pigs caused a series of changes in China’s live hog market. China Daily reported that, the viral disease caused the price of live hogs to reach a historical high of nearly RMB40 per kilogram in the third quarter of 2019 ...
China’s Cooking Oil Consumption Likely to Increase in 2020
The Chinese National Bureau of Statistics reported that in January – February 2020, the country’s retail sales fell by 20.5% or 1.3 billion yuan to 5.2 billion yuan compared to the same period last year. However, in the same period, the category of food products has registered a growth of 9.7% and t...
The Impact of the COVID-19 Crisis on the Trade and Consumption of Palm Oil in Italy.
The blow of the Coronavirus to Italy was fast and furious. The long-term effects on an already fragile economy are feared to be traumatic. The following is a first tentative assessment. The Italian COVID-19 Scenario The outbreak of the Coronavirus in Europe began in Italy. Around the middle of Febru...
Malaysian Palm Oil Supply and Demand Outlook for 2020
2020 is a challenging year for most of the industries in the world due to the outbreak of COVID-19 pandemic. This outbreak gives negative effects on the country’s economy from global supply and demand shocks and also domestic factors during the lockdown. Malaysian palm oil industry was also affected...
Can Sub-Saharan Africa Region Import More CPO?
Ever since the Malaysian government abolished tax-free crude palm oil export quota in 2013, Sub-Saharan Africa has become a substantial importer of Malaysian CPO. Before 2013, selected companies that owned refineries in Europe and Asia were given tax-free export quota with total volume ranging from ...
Japan Palm Oil Consumption Steady Despite Covid-19 Concerns
COVID-19 Impact in Japan Japan is one of the few countries where coronavirus spread immediately after it was discovered in China. The first case of COVID-19 in Japan was detected on 16 January 2020 and since then the total number of cases have exceeded 13,300 as of 26 April. The Japanese government ...
