Palm oil imports in May 2019 hit a season low of 12.4 KMT. Palm oil purchases in September-May 2018/19 dropped for the first time in four seasons, reports UkrAgroConsult. The main reason is a decrease in production of cheese products.
They are forecast to close the season down some 5% year-on-year.
Growth in supplies from key exporters is registered in Malaysia (+7.3%) and Indonesia (+9.2%).
Resumption of palm oil purchases is seen from Singapore and Latvia.
Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators - the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.
‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.
More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.
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