As PalmTrack enters well into its second month, we continue to offer readers exclusive updates on the palm products trade. Here are a few snippets of the news we covered this past month:
We have a tanker watchlist of nearly 50 vessels with over 30 million net tonnes associated with key palm oil companies. Subscribe to PalmTrack and head on over to our post to see a near real-time map showing the estimated positions of some of these tankers.
As 2021 draws to a close, there are several recent key news and chatter surrounding the palm oil trade. Read our post for some of our market observations about food safety, sustainability, and Thailand from our interviews with experts.
Following reports on Indian refiners reducing their palm oil purchases and making the switch to sunflower and soybean oils, we have collected data on palm-related tankers sailing from Indonesia to India. Read our post for an analysis of this sample of data.
Other news:
Port delays and congestions at major China ports are expected to affect the 2022 Chinese New Year period as global shipping giants temporarily halt cargo bookings amid strict Covid-related restrictions.
La Niña is here after alerts were raised in October 2021. The phenomenon typically spells wetter-than-usual weather for the Southeast Asian region.
Khor Reports’ PalmTrack is an independent research service that tracks palm tanker movements and reports trade of palm products (and shipments, upon request) for selected trade routes. It features a forward-looking market topic and sharp analysis every quarter, e.g. palm biofuels issues & opportunities for Jan–Mar 2022. Subscribe now!