Americas (Jan – Feb) 2020

Malaysian Palm Oil Exports Performance to Americas Region
(Jan – Feb 2020)
A Review on MPO Export Performance
 

NoCOUNTRYJan-Feb 2020Jan-Feb 2019Diff (MT)Diff (%)
1USA112,382107,4644,9184.6
2Canada2,2751,74253330.6
3Chile2,0141,24077462.4
4Haiti1,6182,342(724)(30.9)
5Mexico1,1081,487(379)(25.5)
6Trinidad1,0381,332(294)(22.1)
7Brazil7741,299(525)(40.4)
8Guyana432533(101)(18.9)
9Guatemala360100260260.0
10Argentina342457(115)(25.2)
11Peru24067173258.2
12Dominica23286146169.8
13Jamaica19619331.6
14Suriname1809090100.0
15Cuba1430143N/A
16Panama84551(467)(84.8)
17Barbados4586(41)(47.7)
18St. Lucia3021942.9
19Colombia2249(27)(55.1)
20Uruguay22022N/A
21Costa Rica181800.0
22Antigua042(42)(100.0)
23Neth Antilles022(22)(100.0)
24Grenada000N/A
25St. Vincent and The Grenadines000N/A
26Guam000N/A
 Grand Total123,555119,2214,3343.6

Source : MPOB

For January-February 2020, total MPO exports to the Americas region were recorded at 123,555 MT compared to 119,221 MT recorded in the same period of 2019. This represents an increase of 4,334 MT or by 3.6% compared to the same period of 2019. This higher import volume was contributed mainly by USA, Chile and Canada. USA retains its position as the main importer of palm oil in the Americas region with 112,382 MT which is 4,918 MT or 4.6% higher than the volume recorded in the same period of 2019 and it also represents 91% of the total Malaysian palm oil exported to this region. The slight increase in imports by USA was mainly due to competitive price of palm oil in the first few weeks of 2020 which led to more shipments of Malaysian palm oil to these destinations. Demand for palm oil is mainly due to higher demand from the prepared food and HORECA industry. RBD palm stearin was the main product imported by this region at 36,389 MT or at 29%, followed RBD palm olein (28%) and RBD palm oil (27%).

Breakdown of MPO Export (MT) January-February 2020

PRODUCTJan-Feb 2020Jan-Feb 2019Diff (MT)Diff (%)
RBD PS36,38928,1028,28729.5
RBD PL34,68939,841(5,152)(12.9)
RBD PO32,93931,9231,0163.2
PFAD11,94112,254(313)(2.6)
Others7,6417,1015407.6
Grand Total123,555119,2214,3343.6
Source : MPOB

Malaysian palm oil exports to the USA

Malaysian Palm Products Export to USA  (By Products)
PRODUCTJan-Feb 2020Jan-Feb 2019Diff (MT)Diff (%)
RBD PS36,21327,2618,95232.8
RBD PL30,29736,487(6,190)(17.0)
RBD PO31,18130,4507322.4
PFAD11,49911,804(305)(2.6)
Others1,4191,420(1)(0.1)
Total112,382107,4644,9184.6
Source : MPOB

For January-February 2020, MPO intake by USA increased by 4,918 MT or by 4.6% compared to the same period of 2019. Malaysian palm oil imports to the USA increased despite the competition from Indonesia as the competitive price of palm oil and quality assurance in Malaysian products prompted importers to source their palm oil requirements from Malaysia. Demand is expected to remain steady due to the current attractive price of palm oil which has a price advantage over other oils especially soybean oil. Since most palm oil has been certified to be trans-fat free, it is used mainly by the confectionery and food industries in prepared foods. RBD palm stearin, RBD palm olein and RBD palm oil are the most in demand products comprising almost 90% of the total import of Malaysian palm products.

The main reason for the slight increase was due to cater to the higher overall demand for oils and fats from the food manufacturing sectors. Another reason for the higher demand is the attractive and competitive price of palm oil during the first two months of the year which saw the discount of palm oil to soybean oil widen which prompted the higher demand for the product. Palm oil import is expected to increase in the upcoming months to cater to the higher overall demand for oils and fats from the food manufacturing sectors.


For more info please contact Mrs Nur Adibah
Email : nuradibah@mpoc.org.my

 

*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 accuracy. This document is for information only and opinion expressed may be subject to change without notice and we will not accept any responsibility and shall not be held responsible for any loss or damage arising from or in respect of any use or misuse or reliance on the contents. We reserve our right to delete or edit any information on this site at any time at our absolute discretion without giving any prior notice.

Stay In Touch

Stay In Touch