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.
Turkey imported 1.5 MMT of soybeans in eight months of the marketing year