The report provides insights on the following:
The palm oil industry is anticipated to increase from 64.5 MMT to 68.4 MMT in 2019 due to a rise in demand from countries such as Indonesia, Malaysia, Thailand, China, and India. The average monthly consumption is expected to be at 5.7–5.8 MMT in 2019. The demand for palm oil boosted by approximately 16.9 percent in 2019 due to a higher production of oil and higher stock accumulations. Moreover, the palm oil stock levels are expected to rise with increased production, and yield levels by 2020.
Indonesia is a net exporter of palm oil. As of 2019, Indonesia exports around 75 percent of its total palm oil production to the world. Malaysia is the second-largest exporter of palm oil and exports almost 90 percent of its total production. The major export destinations for Malaysian exporters are India and the Netherlands.
The major palm oil manufacturers are:
The report also covers various procurement parameters while sourcing palm oil. India, Indonesia, and the European Union are the biggest consumers of palm oil, and India is the largest importing country of palm oil wherein 93 percent of the oil is used in cooking.
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.
Category Intelligence on Palm oil covers the following