Archive
2022
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
ORGANIZED BY:
ASSESSING 2022: MANAGING OPPORTUNITIES AND RISKS:
Engaging the Potential of Central Asian Palm Oil Market
Dr. Aleksey Udovenko

Dr Aleksey Udovenko graduated with honors from Kharkov Polytechnical University, with a Masters degree in food technology with a specialty of fats and fat substitutes technology. He then continued his education at Moscow State University with a second degree in Public Relations. In 2021, he obtained a PhD in food engineering.

Before joining MPOC, Dr Aleksey has 8 years of experience working in the food industry of Ukraine. He started working in 2002 as a project development manager at Ilyichevsk Oils and Fats Industrial Complex (IOFIC), Ukraine. He was then promoted to General Manager of Bulking Operations , Key Technologist and Head of Quality Control department of Ilyichevsk Oils and Fats Industrial Complex.

Dr Aleksey’s last position in IOFIC was as the General Production Manager (Chief Production Dispatcher) before joining MPOC in 2012 as the head of Moscow Office.

VIEW PROFILE
For many years, the Central Asia Region has been using palm oil. Prior to 2020, Malaysia was a leading exporter of palm oil to Uzbekistan. But today the main quantities of products containing palm oil come from Russia - the country firmly established itself in the leading place. Russian group of companies EFKO is a leading exporter of specialty fats to Uzbekistan. The company made good use of the logistic difficulties in China.

Starting from 2020 Malaysian exporters began to face serious logistic difficulties. In view of current uncertainties there is no secure or guaranteed line for deliveries of oil palm products. Uzbekistan switched imports away from Flexis in favor of railway tanks. This was a new trend set by the Russian suppliers - cheaper, faster, no risk of getting stuck on the border. Substantial difference in import tariffs provide trade preferences to Russian suppliers over all others including Malaysia and Indonesia. Russian exporters pay 0% import duty when supplying palm oil to Uzbekistan, while Malaysian suppliers have to pay 100 USD import duty per each metric ton being imported to Uzbekistan.

The unequal import conditions made Malaysian companies less competitive and opened the way to big Russian suppliers like EFKO Group. Starting in 2020 Russian companies were taking control over the market rapidly. By the end of 2020 Russian share reached 39% (up from 4% in 2017) while Malaysia went down to 48% (down from 84%). In 2021 Malaysia’s share went down even deeper.
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