INTRODUCTION
World palm oil production is dominated by Indonesia and Malaysia, which supply 85-90% of the world's total palm oil production. Indonesia is the largest producer and exporter of palm oil. This industry also contributes the largest foreign exchange to Indonesia, which is...
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A sharp increase in of palm oil imports from Malaysia over the past two years causes more Myanmar consumers to switch from relatively costly peanut oil to a cheaper one. Imported palm oil is nearly as good as peanut oil, has a clear color and the price is so cheaper that many people...
Anxious Indian buyers, with no clarity on sunflower oil shipments out of Ukraine, are turning to crude palm oil from Malaysia to fulfill demand ahead of month-long Ramadan which starts in early April, industry sources told S&P Global Platts.
Last month, 500,000 mt of sunflower oil was expected to leave Ukraine and the March line up so far is also around 450,000 mt, of which India buys roughly 250,000 mt each month, Pathak said.
Buyers are currently not placing new orders for Ukrainian sunflower oil as they have not been able to track their shipments since Russia invaded Ukraine on Feb. 24, sources said.
Ukraine accounts for 46% of the world's sunflower oil exports and the ongoing war represents a significant disruption to the global edible oils trade flows as the market was looking for an increase in sunflower oil exports from Ukraine to partially relieve the current tight supply in global edible oil markets, CGS-CIMB Research said Feb. 28.
Read more here.