Market Highlights

Market Highlights

How will crude oil price slump impact Nigeria

Market Background Nigeria is the largest consumer of palm oil in Africa with a population of 196 million people (World Bank, 2018). The nation consumed approximately 3 million MT of fats and oils in 2019, with palm oil accounting for 77.6% of the market share or 2.33 million MT (Oil World, 2019). In...

Permission granted to plantation industry to resume operations – MPOA Statement

Please advised that the Cabinet after deliberating the appeal from the industry as well as the smallholders’ fraternity, has consented to allow the plantation industry to resume operations during the Covid-19 restriction movement order period, with immediate effect.

Palm oil skids on Covid-19

The month of February 2020 was punctuated by two disparate events which could have a telling effect on trading in palm oil.  The first was the outbreak of coronavirus in Wuhan province of China. It has spread to close to 100 countries, afflicting every continent on earth except Antarctica. The ...

Crash of Crude Oil Market and its Impact on Oils & Fats

An analysis of the impact of Covid-19 and the crude oil price crash on global markets and the oils and fats industry Click Here To Download Paper *Disclaimer: This document has been prepared based on information from sources believed to be reliable but we do not make any representations as to its ac...

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