Market Highlights

Market Highlights

India’s Import of Edible Oil Decline 32% in March 2020

The latest data by The Solvent Extractors’ Association of India (SEA) has indicated that India’s edible oil imports for March 2020 recorded a decrease of 32.44% from a year before. Imports for March 2020 were registered at 941,219 tonnes, a stark comparison to 1,393,255 tonnes registered in Mar...

Mexico braces for the surge in COVID-19 cases and the collapse of oil prices

COVID-19 is spreading very quickly in Latin America. The situation in Mexico is no exception. The country declared a health emergency on Monday, March 30 and issued stricter rules aimed at containing the fast-spreading coronavirus after its number of cases surged past 1,000 and the death toll rose s...

Impact of Demand and Imports of Palm Oil in West Africa Amidst the Convid-19 Pandemic

The rapid spread of COVID-19 and actions to contain the virus have understandably drawn parallels with previous outbreaks, in particular that of Ebola in West Africa in 2014.   As of March 30, the African Union has reported there were just over 4,000 case of Covid-19 in Africa. In West Afr...

Vegetable Oils Scenario As COVID-19 Locks Down India

The country waits with bated breath on the progress of COVID-19 virus into India’s entrails. As a country, we are said to be in third stage of the progress of the virus, where exponentially huge number of cases are predicted to erupt. With this as the backdrop, we need to look at the edible oil [&he...

Lower Oilseed Stocks in China Support Margin and Triggered Import & Crushing

As reported by Oil World, the significant oilseeds import volume in Oct/Feb 2020 was meant to replenish the dwindling oilseeds stock in the country towards the end of last year (Table 1), as the US-China trade dispute and China-Canada diplomatic tension both affected the supplies of soybean and rape...

China’s Reviving Economy and The Demand of The Palm Oil

China has managed to arrest and contain the spread of the COVID-19 pandemic outbreak in a very effective manner. The is evident from reports by the Chinese authorities the shape of the pandemic and the small number of cases reported outside Hubei and is also a testimony to the success and the effect...

Pakistani Demand on Track Despite Covid-19

Major cities in Pakistan have been under lockdown since the third week of March to curb the spread of coronavirus. As of April 2, the total reported cases in Pakistan have exceeded 2300 with 32 deaths so far. Since Pakistan was among the countries where Covid-19 spread started in the second phase, t...

Big Drop in US Ethanol Prices

US ethanol prices have fallen to its lowest level in 17 years, according to a video from QuickTake by Bloomberg on ‘US Ethanol Producers See Prices Fall to Record Low as Demand Plummets’. S&P Global Platts reported that ethanol trading on Chicago’s Argo Terminal reportedly closed at USD 0....

China Soybean Crushing Capacity Moving Up North

Last year, due to the African Swine Fever (ASF) outbreak, crushing activities, especially soybean crushing, had experienced a negative growth for the first time in history. In general, China’s soybean crushing capacity has been growing rapidly since the late 1990s as a result of various policies imp...

MCO in Bangladesh Threatens Ramadan Demand for Oils & Fats

COVID-19 came as a havoc on oils and fats market of Bangladesh. Since Ramadan, the peak consumtion vis-à-vis import period of oils and fats in the country, is ensuing, refiners, importers and traders were ready for a bumper business and were prepared themselves accordingly. Importers cum refiners ha...

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