Archive
2020
24 Feb - 01 Mar 2020
Section 1 : CPO Price Trend
24 Feb - 01 Mar 2020
Section 2: Global Palm Oil Market Opportunities
22 - 28 Jun 2020
POINTERS ON THE PRICE TRENDS
2019
2018
29 Jan - 04 Feb 2018
Section 1: CPO Price Trend
29 Jan - 04 Feb 2018
Section 2 : Global Palm Oil Market Focus
06 - 12 Aug 2018
Section 1: CPO Price Trend
06 - 12 Aug 2018
Section 2: Global Palm Oil Market Focus
2017
2016
22 - 29 Feb 2016
2016 Market Direction - Twists and Turns of Palm Oil Prices
22 - 28 Aug 2016
Section 1 : Palm Oil Price Fundamentals
22 - 28 Aug 2016
Section 2 : Trade Issues and Market Prospects
2015
2014
2013
2012
2011
2010
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POINTERS
ORGANIZED BY:
POINTERS ON THE PRICE TRENDS:
Turkey & Middle East & North Africa - Next Growth Frontiers for Palm Oil
Mr. Veysel Kaya
Veysel KAYA has B.Sc. degree in Food Engineering and worked for a food company, Trakya Birlik ( one of major farmer sales cooperative unions and Sun Complex market players in Turkey ) for more than 15.5 years ( in between 1998 and 2014 ). He was undertaken there to carry out foreign correspondence, to follow worldwide Oilseeds, Vegoils, Oilmeals markets and so to launch Daily/Weekly price sheets and market reports as well as to perform importation procedures of the company. By 21st July, 2014, he resigned by his initiative and established his own company SUNSEEDMAN, as his market-known nickname. SUNSEEDMAN is a personal company, mainly engaged in reporting, analyses, consulting and brokerage of agrocommodities ( mainly Sun Complex, but also other oilseeds and vegoils ) with the longer-term market experience since 24 December 1998, ie as higher as 22 years. Veysel KAYA also became the conference speaker in - Kiev/Ukraine by 09 September 2014 with the presentation "TURKISH OILSEEDS AND VEGOILS OUTLOOK", - Barcelona/Spain by 07 October 2014 with the presentation “GLOBAL SUNFLOWER OIL MARKET. TURKISH AND NORTH AFRICAN SUNFLOWER OIL MARKETS “, - Odessa/Ukraine by 05 November 2015 with the presentation “PROSPECTS OF 2015/16 SEASON FOR THE MARKET OF SUNFLOWER SEED AND ITS BY-PRODUCTS IN TURKEY AND MIDDLE EAST “. - Rotterdam/Holland by 02 June 2016 with the presentation “CURRENT TRENDS OF GLOBAL SUNOIL AND MEAL MARKETS & 2016/2017 NEW-SEASON PROSPECTS “. - Varna/Bulgaria by 27 Oct 2016 with the presentation “REVIEW OF OILSEED MARKETS IN BLACK SEA REGION “. - Odessa/Ukraine by 11 July 2017 with the presentation “SUNFLOWER OIL PRICES: TRENDS, FORECAST, FACTORS TO WATCH REGIONAL AND GLOBAL TRENDS “. - Kishinev/Moldova by 18 October 2017 with the presentation “BLACK SEA SUNSEED MARKETS & 2017/2018 NEW-SEASON PROSPECTS “. - Sanliurfa/Turkey by 24 December 2017 with the presentation “TURKISH AGRICULTURE AND PROSPECTS AS PER GLOBAL PERSPECTIVE “. - Dubai/BAE by 17 July 2018 with the presentation “IMPORT-EXPORT RELATIONS AND BASIC RULES OF WHEAT TRADE IN TURKEY “. - Varna/Bulgaria by 01 Nov 2018 with the presentation “GLOBAL AND REGIONAL NEW-CROP OUTLOOK FOR OILSEEDS “. - Adana/Turkey by 19 June 2019 with the presentation “2018/19 SEASON REVIEW AND 2019/20 SEASON PROSPECTS FOR TURKISH AND GLOBAL OILSEEDS “. - Istanbul/Turkey by 20 September 2019 with the presentation “GLOBAL MARKET OF OILSEEDSAND VEGETABLE OILS: TRENDS & PROSPECTS OF 2019/20 SEASON “ http://www.sunseedman.com veyselkaya@sunseedman.com SKYPE : SUNSEEDMAN GSM : 00 90 542 273 50 63 Linkedin : http://www.linkedin.com/in/SUNSEEDMAN Twitter : http://www.twitter.com/SUNSEEDMAN
VIEW PROFILE
Having at least 5.000 years background, Palm Oil has been obtained from Palm Oil plant of Elaeis guineensis.

In the current 2019/2020 season, being the most produced vegetable oil, Palm Oil has around 75 Millions Ton of the output by implying 35% of global vegetable oils output of around 210 Million Ton. Accordingly, Palm Oil is also the most traded vegetable oil with 52 Millions Ton of 90 Millions Ton of global trade, as 58% share.

In our presentation, I will be rather focused on Palm Oil, but let me also remind Palm Kernel Oil output of about 8 Millions Ton and the trade of about 3.5 Millions Ton.

Since the global Palm Oil output has been mainly revolved around 2 giants of Indonesia, 44 Millions Ton, and Malaysia, 18.5 Millions Ton, as both 83% share, Turkey, Middle East and North Africa has almost nil output being out of +/- 100 latitudes of Equator as Palmoil zone.

Therefore, Turkey, Middle East and North Africa are amids the main destination of Palmoil exports following the leader importers of India as 9 Millions Ton, European Union as 7 Millions Ton and China as 6.5 Millions Ton.

Turkey has around 625 - 650 Thousands Ton of Palm Oil import and Malaysia is the main import origin having import-duty advantage of 21.8% rate currently vis-a-vis 31.2% of others as per bilateral agreements.

Egypt is also the leader Palmoil importer of Middle East and North Africa/MENA with around 1 Million Ton.

As per COVID-19 outbreak and havoc, so the lockdowns as well, Palm Oil consumption is partly reduced since the buyers rather prefer soft vegetable oils for home use.

Nevertheless, MENA consumers are rather price elastic buyers and so Palm Oil/other vegetable oils price ratio shouldn’t be ruled out as well.
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