Market Highlights

Market Highlights

Iran as a Malaysian palm oil export destination and transit opportunities

Iran Oils and Fats Scenario Iran’s oils and fats production is only sufficient to cover 30% of the total local consumption, and the country is highly dependent on imports to support local industry and consumption. Local production of oils and fats registered a total volume of 633,000 MT in 2021 whic...

A Case Study for the EU: The Double Bind of Biodiesel Expansion and Food Security Crisis

Introduction Q1 2022 Export Performance of Malaysian Palm Oil Malaysia recorded a promising export performance for Q1 of 2022. The export volume of Malaysian palm oil products reached 3.5 million MT, with an export value of RM19.74 billion. As for the total export of Malaysian palm oil as well as it...

China’s Palm Oil Market Outlook 2022

China’s import of palm oil in the first quarter of 2022 fell sharply by 65.7%, or 971,800 MT to 506,900 MT from 1,478,700 MT in the same period last year.  Major factors which contributed to the decline in imports included Indonesia’s policies to curb domestic palm oil price hikes and the tight glob...

Opportunity for palm oil intake to increase in Turkey

Introduction As the most consumed vegetable oil, sunflower oil is the popular oil in Turkey especially for household consumption and based on statistics is continuing to increase. The higher sunflower oil consumption is mainly due to the increase in population and the lack of affordably-priced alter...

Recent Improvements on Infrastructure has Eased the Movement of Goods in East Africa

Africa in the past decade has become the choice of many international investors. The continent’s extensive number of natural resources, strong population growth, young and increasingly educated workforce, more stability in terms of governance in recent years, and more prospects for economic growth h...

Change in Composition of Palm Oil Products Imported by China

Introduction According to statistics released by Chinese Customs, China’s import of palm oil in 2021 recorded a marginal drop of 1.3% or 84,400 MT against the previous year.  The drop didn’t come as a surprise despite the Y-o-Y growth of 23.6% recorded in the first 6 months of 2021,...

Ukraine, war, and global oils & fats markets

This article provides a brief overview of Russia’s attack on Europe’s breadbasket for agricultural markets in general and oils & fats in particular. From breadbasket to a disaster zone The main facts about the Ukrainian agricultural sector, according to the U.S. Department of Agricul...

Impact of Global Prices on Indian Vegoils Imports

To cater to the consumption demands of edible oil, India is constrained to import. Two thirds of the demand is met by imports. Palm oil accounts for around 60-65% of the total imports. Though India’s edible oil imports fell and domestic availability increased during the financial year 2020-21, the i...

The Russia-Ukraine War Impact on Egypt’s Food Supply; Emphasis on Oils and Fats

1.  Economic effects of the Russia-Ukraine war on Egypt Though the risk to Egypt’s economy is severe, the country is in a much stronger financial position. In the first half of the fiscal year 2021-22, Egypt’s economy grew by 9% and growth is projected to exceed 6% for the entire fi...

Russia-Ukraine Conflict and its Impact on the Regional Edible Oil Market

“I saw that you could not separate the idea of commerce from the idea of war and peace.  You could not have a serious war anywhere in the world and expect commerce to go on as before.   And I saw that wars were often caused by economic rivalry.  I thereupon came to believe ...

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