Market Highlights

Market Highlights

North Africa Ports Infrastructure – A Gateway to land-locked African markets

(Focus Markets  – Djibouti, Somalia, Eritrea, Sudan & Ethiopia) The combined population of Djibouti, Ethiopia, Eritrea and Somalia and Sudan are almost 200 million people which accounts for  15% of the total African continent population.  Geographically, the eastern most countries...

Impact of Minimum Support Prices on Indian Oilseeds

Agriculture, with 58% population dependent on it, continues to be India’s backbone. In 2020-21, agriculture constituted 19.90% of GDP up from 17.80% in 2019-20 on the back of reforms to improve production. Continuing land reforms, initiation of price support policies, introduction of new technologie...

Potential for Palm Oil in Korean Cosmetic Industry

Background In 2020, the market value of the global cosmetic industry dropped by 8% to USD460 billion compared to USD500 billion in 2019 due to the COVID-19 pandemic. Asia Pacific region is the leader of the cosmetic market in the world. China and Japan hold about 14.2% and 7.8% global share respecti...

RED II: Current Status of EU Member States and Its Impact on Palm Oil – Current & Future

In 2018, RED II was introduced as an amendment to RED I, which added a target of 14% use of renewable energy in the transport sector. However, EU adopted the Commission Delegated Regulation (EU) 2019/807, which stipulates the criteria for determining high-ILUC risk feedstocks for which a significant...

Market Potentials for Malaysian Palm Oil Products in Turkey

Malaysian palm oil (MPO) exports to turkey increased dramatically since the implementation of the Malaysia-Turkey Free Trade agreement (MTFTA) in 2015. A year before the FTA, Malaysia only managed to supply less than 80,000 MT of palm oil a year or 13% of the total palm oil imported by the country. ...

China’s Palm Oil Market Outlook 2021

China is one of the world’s largest importer of palm oil, however, its year-on-year palm oil import is highly dependent on local soybean crushing activities. Higher soybean crushing leads to more soybean oil produced. The resultant increase in locally produced soybean oil reduces the spread between ...

USA Palm Oil Outlook Amid Strong Domestic Soybean Crush

Soybean crush in the USA for 2021/22 season is expected to set a new record volume.  The estimated soybean crush forecast by USDA is at 60.5 million MT, increasing by 2.3% when compared to the previous season. High soybean oil price is largely responsible for the big crush volumes, even as the ...

Latest Policy Change on Soybean Meal Use in Animal Feed in China May Improve Palm Oil Demand

1.  Development of China’s Animal Feed Industry The development of China’s animal feed industry started in the 1970s, and by 2011, its output surpassed the United States and ranked first in the world, accounting for about 17% global animal feed production. In 2020, the animal feed produc...

Algeria Oils and Fats Market Perspective; Implications on Palm oil

Market Overview The global oils and fats growth is directly linked to population growth and market size is growing as oils and fats. In Algeria, oils and fats are considered as an essential ingredient in Algerian cuisine and homemade meals for all households. However, the COVID-19 pandemic had quite...

Taking the fork in the road: time for Malaysian palm oil to rethink Europe

US- baseball star Yogi Berra, who retired in the mid-1960s, is famous the world over for his weird aphorisms, known as Yogiisms. One of them states: “If you come to a fork in the road, take it!” In many ways, this seems to aptly describe the situation palm oil is facing in Europe. After ...

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