Post forecasts Malaysian crude palm oil (CPO) production in marketing year (MY) 2019/20 at 20.3 million metric tons (MT), an increase of 300,000 MT compared to the previous year¡¯s estimate. The uptick is attributed to an improving labor situation within the industry and expected higher yields nationwide.
How did the Malaysian rapeseed oil market perform in 2021?
In 2021, the Malaysian rapeseed oil market increased by 15% to $X, rising for the third year in a row after two years of decline. Overall, consumption recorded a noticeable setback. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.
Why is Malaysia restructured around rapeseed oil & palm oil in 2021?
Malaysian Palm Oil also had difficulties with its workforce on the field due to the country closing borders affecting the output as fruits were rotting in place since they could not be harvested. These isolated events are leading the Edible Oils market to restructure around Rapeseed Oil and Palm Oil in the second part of 2021.
Will rapeseed oil restructure in 2021?
These isolated events are leading the Edible Oils market to restructure around Rapeseed Oil and Palm Oil in the second part of 2021. Read also: How Is European Canola Priced at the Beginning of the 2021-22 Marketing Year? Canada is one of the largest Rapeseed producers in the world.