Malaysia Sees Slight Recovery in Palm Oil Export for Q1 2016
57
VIEWS
by Norhaznita Husin
The Americas deemed as one of the key focal points for the trade of vegetable oils. It has been on the main board of world’s supplies and demands for soybean, rapeseed, palm, corn, and cotton. Palm oil is the third largest oil imported and consumed in Americas, primarily in the most populous country in the continent i.e. the United States (the USA). Palm accounted about 31% of the total oils imported, and over 80% is destined for the USA. According to last year’s USDA Oil Crops Yearbook, the most widely used fats and oils in the USA are, in order: soybean, canola, corn, palm and palm kernel oil combined, tallow, and coconut(1).
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