Latest news with #MalaysianPalmOilCouncil
Time of India
5 days ago
- Business
- Time of India
Malaysia's palm oil share in India up 35%; festive demand to increase share: Palm Oil Council
New Delhi: Malaysia's share of palm oil in India increased 35 per cent in the first half of 2025 on the back of strong demand, the Malaysian Palm Oil Council ( MPOC ) said at an industry event late Thursday. Palm oil is a key ingredient for FMCG companies and used extensively for baked goods, snacks, personal care products and cosmetics. Explore courses from Top Institutes in Please select course: Select a Course Category Data Analytics Design Thinking others healthcare Leadership Public Policy Digital Marketing Technology Healthcare Artificial Intelligence PGDM Management Project Management Cybersecurity MBA Data Science Finance Data Science Product Management Others MCA Degree Operations Management CXO Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details The MPOC said it supplies 2.5 million MT of palm oil to India annually at an Indian Vegetable Oil Producers' Association (IVPA) global roundtable. 'Our monthly exports have rebounded to 2,50,000 MT in May and June 2025 after a brief slowdown following the October 2024 peak. We anticipate this positive trend will persist into the third quarter, driven by price competitiveness, and festive restocking ahead of Diwali', Belvinder Sron, chief executive officer of MPOC, said in a statement. 'Over the past five years, Malaysia's crude palm oil exports to India have averaged 2.5 million MT annually. Our market share in India has grown from 30% in 2023 to 35% in the first half of 2025 and we expect this upward trajectory to continue through the end of the year,' Sron said. Live Events The MPOC has formalised a collaboration with the vegetable oil producers' association for nutritional and sustainability credentials of Malaysian palm oil, the association said in the statement. As the world's second largest palm oil producer—with a 24% share of global production and an output of 19.34 million MT—Malaysia remains a consistent supplier to India. 'After a July 2025 import duty adjustment, Malaysian crude palm oil is now the most competitively priced edible oil in the Indian market, according to the statement. The entities also announced a collaboration with IVPA for joint advocacy on regulatory issues and a consumer education campaign focused on industry outreach.
BusinessToday
7 days ago
- Business
- BusinessToday
MPOC Expects CPO Price Within RM4100-RM4300 Supported By Strong Soy Oil Market
Malaysian palm oil inventories climbed to an 18-month high of 2.03 million MT in June, driven by a 10.5% month-on-month decline in exports, which fell to 1.26 million MT. Despite the slowdown, June 2025 export volume remained higher year-on-year, surpassing 1.19 million MT in June 2022, 1.17 million MT in June 2023 and 1.21 million MT in June 2024. The Malaysian Palm Oil Council noted that in the first half of 2025, Kenya ranked as Malaysia's second-largest palm oil buyer, overtaking the EU27 by 21,000 MT and China by 117,000 MT. Kenya accounted for 30% of Malaysia's total palm oil exports to Sub-Saharan Africa, with full-year imports projected to reach 1.3 million MT from Malaysia. Kenya continues to stand out as a key growth market, underpinned by its rising consumption. Over 90% of Kenya's palm oil imports are consumed domestically for food purposes. Global vegetable oil prices have recovered from early-year losses, led by a sharp rebound in soybean oil, which has risen 19% since January. This outpaced gains in rapeseed oil (+6.6%) and palm oil (+3.7%), while sunflower oil remained relatively stable with a modest 1.7% increase. Soybean oil remains the top performing vegetable oil year-to-date, supported by the U.S. biofuel policy announced in mid-June, which is expected to spur demand for domestically produced feedstocks. Strong soybean oil prices have improved the price competitiveness of palm oil. As a result, Malaysian palm oil exports to India have rebounded significantly since April, narrowing the cumulative decline recorded in Q1 2025. India's monthly imports of Malaysian palm oil remained consistently above 250,000 MT in both May and June. MPOC noted that this positive momentum is expected to extend into Q3, supported by restocking ahead of the Diwali festival in mid-October and favourable prices. In the third quarter, India is projected to import around 2.9 million MT of palm oil to meet festive season demand. This firm buying interest will continue to support palm oil prices. In the U.S., soybean oil prices are expected to remain elevated through the remainder of 2025 and into 2026. According to the latest USDA projections, soybean oil use for biodiesel in U.S. is forecast to rise by 17%, from 6 million MT in 2024 to 7 million MT in 2026. For the first time, more than 50% of US soybean oil production is expected to be directed into biodiesel. In the U.S., soybean oil prices are expected to remain elevated through the remainder of 2025 and into 2026. According to the latest USDA projections, soybean oil use for biodiesel in U.S. is forecast to rise by 17%, from 6 million MT in 2024 to 7 million MT in 2026. For the first time, more than 50% of US soybean oil production is expected to be directed into biodiesel. Additionally, under the revised U.S. tax credit framework, only feedstocks sourced from North America (Canada and Mexico) qualify for the tax credit, with U.S. produced feedstocks receiving the highest incentive. This restriction is expected to keep U.S. soybean oil and Canadian canola oil prices at a premium relative to other vegetable oils globally. These policy-driven dynamics will continue to support positive sentiment across the vegetable oil market. However, MPOC added that the rising U.S. demand alone is insufficient to offset the anticipated surge in global soybean supply. South American soybean production is forecast to increase by 8 million MT in 2026, reaching 245 million MT. The ample supply is expected to weigh on soybean prices, with U.S. soybean inventories in 2026 projected to double from 2023 levels due to high carry-over stocks and a steep decline in exports to China. Looking ahead, MPOC expect CPO prices to remain firm and trade between RM 4,100 to RM 4,300 over the next month, supported by firm festive demand from India and elevated U.S. soybean oil prices. However, any rally in vegetable oil prices may be capped by abundant global oilseed supply, particularly soybeans, as there is currently no shortage of oilseeds in the market. Related
Barnama
22-07-2025
- Business
- Barnama
Palm Oil Exports Remain Elevated At 1.26 Million Tonnes In June
BUSINESS KUALA LUMPUR, July 22 (Bernama) -- Malaysia's palm oil exports in June 2025 remained higher year-on-year at 1.26 million tonnes, exceeding the 1.21 million tonnes in June 2024, said the Malaysian Palm Oil Council (MPOC). For the same month in 2022 and 2023, the palm oil exports stood at 1.19 million tonnes and 1.17 million tonnes respectively, it said in a statement today. 'In the first half of 2025, Kenya ranked as Malaysia's second-largest palm oil buyer, overtaking the EU27 countries by 21,000 tonnes and China by 117,000 tonnes. Kenya accounted for 30 per cent of Malaysia's total palm oil exports to Sub-Saharan Africa, with full-year imports from Malaysia projected to reach 1.3 million tonnes,' the council said. It added that Kenya remained a key growth market, driven by rising domestic consumption, with over 90 per cent of its palm oil imports used in food applications. Meanwhile, the MPOC said the palm oil inventories rose to an 18-month high of 2.03 million tonnes during the same month. Looking ahead, crude palm oil (CPO) prices are expected to stay firm, trading between RM4,100 and RM4,300 per tonne in the coming month, supported by festive demand from India and elevated US soybean oil prices. 'However, any rally in vegetable oil prices may be capped by abundant global oilseed supplies, particularly soybeans, as there is currently no shortage of oilseeds in the market,' it said. Meanwhile, it said global vegetable oil prices have rebounded from early-year losses, led by a 19 per cent surge in soybean oil since January. This outpaced gains in rapeseed oil (6.6 per cent) and palm oil (3.7 per cent), while sunflower oil rose a modest 1.7 per cent. 'Soybean oil remains the top-performing vegetable oil year-to-date, supported by the US biofuel policy announced in mid-June, which is expected to spur demand for domestically produced feedstocks. Strong soybean oil prices have improved the price competitiveness of palm oil,' the council said.
New Straits Times
22-07-2025
- Business
- New Straits Times
CPO prices expected to trade between RM4,100–RM4,300 in coming weeks
KUALA LUMPUR: Crude palm oil (CPO) prices are expected to remain firm over the next month, trading between RM4,100 and RM4,300 per tonne, supported by elevated soybean oil prices and robust festive demand from India, the Malaysian Palm Oil Council (MPOC) said. This comes as Malaysia's palm oil stockpile rose to an 18-month high of 2.03 million tonnes in June, driven by a 10.5 per cent month-on-month drop in exports, which fell to 1.26 million tonnes. Despite the monthly decline, June's export volume remained higher year-on-year, surpassing figures from June 2022 to 2024. India's palm oil imports from Malaysia have remained above 250,000 tonnes in both May and June, a trend MPOC expects to continue into the third quarter (Q3) as buyers restock ahead of the Diwali festival in October. "In Q3, India is projected to import around 2.9 million tonnes of palm oil to meet festive season demand. This firm buying interest will continue to support palm oil prices," the council said. In the first half of 2025, Kenya emerged as Malaysia's second-largest palm oil buyer, overtaking the EU27 and China. The country accounted for 30 per cent of Malaysia's palm oil exports to Sub-Saharan Africa, with full-year imports expected to reach 1.3 million tonnes. MPOC said over 90 per cent of Kenya's palm oil imports are used domestically for food purposes. On the global front, vegetable oil prices have rebounded, led by soybean oil, which has climbed 19 per cent since January. This outpaced gains in rapeseed oil (+6.6 per cent) and palm oil (+3.7 per cent), while sunflower oil posted a modest 1.7 per cent increase. The rebound in soybean oil is underpinned by the United States' mid-June biofuel policy, which is set to boost domestic feedstock demand. "According to the latest US Department of Agriculture projections, soybean oil use for biodiesel in the US is forecast to rise by 17 per cent, from six million tonnes in 2024 to seven million tonnes in 2026. "For the first time, more than 50 per cent of US soybean oil production is expected to be directed into biodiesel," it said. MPOC said revised US tax credit policies that favour North American feedstocks are also expected to keep US soybean oil and Canadian canola oil prices elevated relative to other vegetable oils. However, the council cautioned that further rallies in vegetable oil prices may be limited by abundant global oilseed supply, particularly soybeans. It said South American soybean production is expected to grow by eight million tonnes in 2026, reaching 245 million tonnes, while US soybean inventories are projected to double from 2023 levels due to lower exports to China and high carry-over stocks.
BusinessToday
13-07-2025
- Business
- BusinessToday
MPOC's Global Trade Mission Spurs RM188.5 Million In Potential Palm Oil Deals
The Malaysian Palm Oil Council's (MPOC) flagship Trade Networking Visit 2025 has generated an estimated RM188.5 million in potential sales through intensive business engagements and strategic outreach. Held from July 8 to 10 in Kuala Lumpur, the annual event attracted 56 international buyers from 23 countries across Sub-Saharan Africa, the Middle East and North Africa (MENA), ASEAN, Eastern Europe and Central Asia, regions playing a growing role in Malaysia's palm oil export strategy. The centrepiece of the programme was the BizMatch session on July 10, where over 400 pre-scheduled meetings connected 25 leading Malaysian suppliers with foreign buyers, fostering new commercial ties and reinforcing confidence in Malaysia's palm oil sector. 'The positive response to BizMatch confirms the value of targeted market engagement. These regions remain central to our diversification efforts as global demand continues to shift,' said MPOC Chief Executive Officer Belvinder Sron. Sron added that delegates also visited Sime Darby Plantation's Eco Garden on Carey Island to observe sustainable cultivation practices and toured Kuala Lumpur Kepong Bhd's Alami Edible Oils' downstream facilities, showcasing Malaysia's integrated supply chain and commitment to quality. An industry dialogue with Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani offered further insight into policy priorities, market trends and opportunities for bilateral cooperation. Participants praised the event for its impact and depth of engagement, prompting MPOC to consider expanding the initiative. 'We are exploring the possibility of holding similar programmes more regularly in high-potential markets,' Sron added. As demand for sustainable, traceable palm oil grows, MPOC reaffirmed its commitment to advancing market access and building long-term global partnerships. Related
