Overview of the Global Palm Oil Sector in 2020 and Outlook for 2021 Over the years, the global production of oils and fats has risen steadily. Out of 17 oils and fats cultivated in the world, only 4 oils have a significant share in the production oils and fats which are palm oil, soybean oil, rapeseed oil and sunflower oil. These four major oils contributed about 76% from […]
Challenges Faced by Malaysian Palm Oil & the Way Forward Palm oil remains one of the significant sectors in Malaysia’s economy and has been a critical contributor to the country’s socio-economic development. In 2020, the sector’s contribution to the Malaysian gross domestic product (GDP) was estimated at 3.7% (as of Q3), and the overall export revenue at RM 72.77 billion. Palm oil provides direct and […]
Palm Oil Market Outlook within the Americas Region The Americas region is one of the major consumers as well as producers of oils and fats in the world. Major oils consume in this region are mainly soybean oil, canola oil and palm oil. Palm oil is the largest imported oil into the region, accounting for approximately 30% of total oils and fats import. […]