Market Highlights
COVID-19 Virus Impacting Indian Agriculture
The COVID-19 virus is fast spreading its tentacles in India. The country is in a lockdown mode with strong possibility that the lockdown maybe extended. Agricultural products are part of the essential commodities basket; hence, exempted from lockdown restrictions. But due to the chain-reaction of th...
Bangladesh’s Unutilized Refining Capacity Amid Slow Down in Imports
Bangladesh has an installed refining capacity of approximately 3.8 million MT which is dominated by 8 business houses. These 8 groups have multiple refineries in various parts of the country and control nearly 95% of the total installed capacity. Since palm oil is the leading edible oil imported and...
China’s oleochemical market brace for higher demand amid disruption in supply chain and COVID-19
COVID-19 containment in China resulted in panic buying among Chinese especially for personal care, detergent and sanitation products. Amidst a full lockdown or partial lockdown of oleochemical producing companies, the COVID-19 panic buying scenario created a strong demand for oleochemical manufactur...
Recovery in China’s Soybean Crushing Activities Poses Threat to Malaysian Palm Oil Imports in China
The weekly crushing volume of soybeans in China had surged in mid-February after a sharp fall in the early part of the month. Soymeal price rose from RMB2,896/MT on 31 December 2019 to RMB3,253/MT on 31st March 2020 (April 1, 2020, Sunsirs Commodity Data Group). JC Intelligence Shanghai estimated th...
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...
