Mexico: The good results of the palm sector continue in 2021

Published 2021년 8월 10일

Tridge summary

Palm oil production in July 2021 surged by 10% year-on-year to 134,000 tons, contributing to a total of 1,089,952 tons for the first seven months of 2021, as reported by Fedepalma. Local sales in July reached 107,000 tons, a 60% increase compared to the same period last year, and totaled 1,028,707 tons over the past year. This growth is backed by high international prices, averaging $1,135 per ton in CIF Rotterdam from January to July 2021, due to reduced global production, especially in Malaysia, and a surge in demand for biofuels and economic recovery amid vaccination efforts.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Palm oil production exceeded 134 thousand tons in July 2021, showing an increase of 10% compared to the same month in 2020, according to figures from Fedepalma. The union added that so far this year, it reaches 1,089,952 tons and in the last 12 months it has registered a volume of 1,566,038 tons. Palm oil sales to the local market continue to reflect positive dynamics and appropriately meet the requirements of both edible and non-edible use segments. Local palm oil sales totaled 107 thousand tons in July 2021, a volume higher than the 97 thousand tons that the local market demanded on average during the first half of this year and that, compared to 67 thousand tons in the same month last year, they registered a growth of 60%. In that order of ideas, the accumulated sales of palm oil to the local market in the last 12 months reach 1,028,707 tons. It is key to note that the current palm oil marketing situation is framed in a context of good international prices, which in the CIF ...

Source: MXContexto