Archive
2021
05 - 11 Apr 2021
Section 1: Price Direction
05 - 11 Apr 2021
Section 2 : Special Focus on the US
18 - 24 Oct 2021
Section 1: Oils & Fats Supply, Demand and Outlook
18 - 24 Oct 2021
Section 2: Opportunities for Palm Oil in Asian Market
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
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Section 1: Oils & Fats Supply, Demand and Outlook:
African Swine Fever Recovery - Impact on China's Palm Oil Demand 2021
Mr. Desmond Ng
Desmond Ng holds a bachelor’s degree of Science in Nutrition and Community Health from University Putra Malaysia. He joined MPOC in July 2001 as Technical Marketing Officer before assuming the position of Market Analyst for Asia Pacific region since February 2002, handling the analysis of oils & fats market on all countries within the region designated. After pursuing his MBA (University of Strathclyde), he was promoted to Regional Manager (Asia Pacific, excluding China) in 2009 to undertake the responsibility of deriving strategies and subsequently promotional and marketing activities to improve greater use of palm products in the region. Since Feb 2012, he was posted to MPOC Shanghai as Chief Representative responsible for the promotion of Malaysian palm oil products in China. He was also being invited to speak at various conferences and seminars to share the market information on latest development of palm oil industry and its outlook.
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The development of livestock industry has been the determining factor of the demand for soybean meal in China, which subsequently dictates or influences the intensity of oilseeds crushing activities and output of soybean oil. The outbreak of African Swine Fever (ASF) started in August 2018 has caused serious impact on animal feeds demand, and significantly lowered the crushing volume especially on soybean in 2019, a drop in soybean crushing volume first seen since China put in policies to encourage local crushing in mid-90s. The lower crushing volume in 2019 lowered soybean oil output and benefited palm oil, where palm oil import charted record high of 7.66 million MT in the same year. Nevertheless, with immediate action taken and also introduction of new policies to improve the management of livestock breeding, swine sector has slowly walked out from the outbreak and witnessed recovery since mid-2020, which subsequently increased the soybean crushing volume and soybean oil output. It has no doubt that the swine sector will fully recover in 2021 (to its pre-ASF level) and continue to grow, which may see soybean oil output surge beyond its peak output recorded in 2018 level. In another word, since both RBD Palm Olein (PL) and soybean oil are substitutable with each other, the higher soybean oil output means it will affect the demand for PL and finally lower the palm oil import. Nevertheless, besides soybean oil output, there are other factors or issues have taken place and this is expected to mitigate the overall impact on palm oil demand and import in 2021, which may not be as serious as many thought.
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