Market Highlights
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...
Key Issues Affecting Palm Oil in the EU and in EU Member States in 2020 and beyond
The following are the key issues affecting palm oil in the EU, in EU Member States and in other European countries during 2020 and beyond. 1. The EU’s Renewable Energy Sources Directive The key development in 2019, and which will likely continue to play an important role in the 2020 and beyond, is t...
Coronavirus implications on Egypt
Egypt’s Ministry of Health announced the total infected cases as of 25 March 2020 is 456 cases, including 95 cases that have been cured and discharged from hospitals, and 21 deaths. As at today, several preventive measures has been taken to combat the spread of the new virus including suspending int...
Impact of Covid-19 On Indian Vegoils Business
COVID-19 has wormed itself into the consciousness of people around the world. It has laid bare the boundaries created by men. In its rampage across the globe, it has brought the high and mighty to their knees. India has been a late entrant to the visitations of this virus. Almost all those afflicted...
Government of India Relaxes ‘Certificate of Origin’ Conditions
Below notification was issued by Ministry of Commerce and Industry, Department of Commerce Directorate General of Foreign Trade, Government of India on March 28, 2020. This notification recognises the fact that Government of India will not be able to issue Certificates of Origin (COO) in view of the...
Food Industry Likely to Maintain Palm Oil Imports in Turkey
The Republic of Turkey has been tested with geopolitical issues since 2018 that has seen a severe drop in its economy, mainly reflected in depreciation the Lira. However, by Q4 2019, things are looking to be positive for Turkey, heading into the new year with analysts anticipating a recovery in 2020...
USA Renewable Energy Producers Hit Hard by the Corona Virus Pandemic
In his recent Seeking Alpha article, analyst Tristan R. Brown highlighted that U.S. oil refiners and other fuel producers have seen their market capitalizations mostly wiped out in recent weeks as the COVID-19 pandemic has taken hold in the U.S. The market is clearly concerned that an extended perio...
