Palm oil exports to world markets recovering
The world export of palm oil began to recover amid an increase in supply. This is the opinion of analysts of the German analytical company Oil World.
According to the company, the world exports of palm oil began to grow due to an increase in supply in producing countries and improved price competitiveness of the product in the world market. By September this year, global palm oil exports are forecast to increase to 25 million tons.
Palm oil shipments from Indonesia are expected to resume – up to 12.43 million tons (from 11.59 million tons by the same date a year earlier), as well as from Central American countries. Meanwhile, exports from Malaysia and Thailand are likely to remain below last year’s level at 8.5 (8.62) million tons and 0.67 (0.73) million tons, respectively.
Earlier, the Malaysian Palm Oil Board (MPOB) predicted that demand for palm oil from the world’s largest buyers China and India will increase in the near future as prices for the tropical product have now fallen compared to soybean oil.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Prices for feed barley in Ukraine have decreased, while prices for brewing barley ...
Japan Considers Boosting US Soybean Imports Amid Tariff Talks
Trade war worries could add a few acres of corn
Trump’s Tariff War Triggers 7-8% Drop in India’s Edible Oil Prices
Global Grain Markets React to China’s Curtailment of Wheat Imports
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon