1stMalaysia-Bangladesh Palm Oil Trade Fair & …mpoc.org.my/publication_file/PP - Oils and Fats...
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1 st Malaysia-Bangladesh Palm Oil Trade Fair & Seminar 2009 Oils & Fats Outlook – Bangladesh Venue: Pan Pacific Sonargaon, Dhaka Dec. 12, 2009
Transcript of 1stMalaysia-Bangladesh Palm Oil Trade Fair & …mpoc.org.my/publication_file/PP - Oils and Fats...
1stMalaysia-Bangladesh Palm Oil Trade Fair & Seminar 2009
Oils & Fats Outlook – Bangladesh
Venue: Pan Pacific Sonargaon, Dhaka Dec. 12, 2009
Geographical Position of Bangladesh
Bangladesh At A Glance • Population : 160 Million
• Per Capita Income : US$ 608
• Per Capita Consumption of Oils & Fats : 8.6 kg
• Avg. Annual Local Production : 180,000 Tones
• Avg. Annual Import : 1.2 Million Tones
• No. of Refineries In Operation : 23
• Consumption Pattern • Liquid Oil : Solid Fats : 90:10
A brief background of palm oil in Bangladesh
• Early 1960’s….Mustard Oil
• Introduction of Palm oil in 1970s and continued till later part of 1980s
• Import of crude form in early 1990’s
• Rapid acceptance through the ’90s
• Palm Olein occupy top position among the edible oil in year 2003
Area Under Oil Crop: 2000-01 to 2007-08
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08
Soyabean - - - - 26 41 39 39
Groundnut 29 26 27 26 29 29 34 31
Rapeseed 318 303 297 279 241 217 211 234
Sesameseed 80 80 79 39 39 39 36 34
Copra 31 31 31 39 40 41 41 42
Linseed 67 70 70 38 4 4 13 14
Total 525 510 504 421 379 371 374 394
Area (1000 ha)
Source: Oil World
Local Production of Oils and Fats: 2000-01 to 2007-08
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08
Rapeseed Oil
144.9 119.3 120.6 108.6 86.5 93.9 101.6 106.5
Coconut Oil
23.6 24.2 24.2 21.7 18.9 19.3 21.8 22.4
Butter as fat
16.5 17.0 17.5 18.0 19.0 19.4 20.0 21.0
Linseed Oil
12.9 13.5 7.5 0.6 0.6 2.6 4.3 2.8
Soyabean Oil
- - - 6.8 22.7 22.1 38.3 27.2
Total 196.9 174.0 169.8 155.7 147.8 157.3 186.0 179.8
Production (1000 Tonnes)
Source: Oil World
Demand of oils and fats
• True demand of palm oil increasing (since 2000 to 2008 now at 956,000 mt, occupying 70% of total oil consumed)
• Palm oil – bulk trade as to soyabean oil – consumer pack
• Palm oil for consumer pack – improvement in the market
Oils & Fats Consumption in Bangladesh in 2008 Total Consumption: 1,369,100 Tonnes
Source: Oil World 2009
Consumption of 3 Major Edible Oils vis-à-vis Total Oils & Fats: 2001-2008
Year Total Oils & Fats
Change (%)
Palm Oil
Change (%)
Soyabean Oil
Change (%)
Rape/ Mustard/Canola
Oil
Change (%)
Other Oils & Fats
Change (%)
2001 1007.0 11.1 375.6 93.9 408.5 -17.7 150.1 6.2 72.8 -3.1
2002 1049.2 4.2 427.5 13.8 441.2 8.0 107.7 -28.2 72.8 0.0
2003 1105.9 5.4 517.1 21.0 395.0 -10.5 124.2 15.3 69.6 -4.4
2004 1130.2 2.2 622.4 20.4 340.8 -13.7 113.0 -9.0 54.0 -22.4
2005 1226.9 8.6 853.7 37.2 235.5 -30.9 84.3 -25.4 53.4 -1.1
2006 1297.5 5.8 857.2 0.4 280.5 19.1 96.8 14.8 63.0 18.0
2007 1400.2 7.9 778.5 -9.2 452.2 61.2 102.9 6.3 66.6 5.7
2008 1369.1 -2.2 956.0 22.8 238.6 -47.2 105.4 2.4 69.1 3.8
In ’000 Tonnes
Source: Oil World
Average Wholesale Price and Total Value of Major 3 Edible oils Consumed in 2008
Year Palm Oil Soyabean Oil Rape/Mustard Oil Cow ghee/butter/butter oil Total Major 3
Edible Oils and Cow ghee/butter
consumed
Avg.
Price
US$/T
Qty.
consmd
‘000 T
Value
in bn.
US$
Avg.
Price
US$/T
Qty.
consmd
‘000 T
Value
in bn.
US$
Avg.
Price
US$/T
Qty.
consmd
‘000T
Value
in bn.
US$
Avg.
Price
US$/T
Qty.
consmd
‘000 T
Value
in bn.
US$
Total
Qty.
‘000 T
Total
Value
in bn. US$
2008 1,179 956 1.127 1,488 239 0.355 1,705 105 0.180 6,226 24 0.147 1323.6 1.809
2007 926 779 0.721 1,025 452 0.464 1,265 103 0.130 5,738 23 0.129 1356.1 1.444
2006 594 857 0.509 690 281 0.194 815 97 0.079 5,077 22 0.110 1256.2 0.892
Note: Source of quantity is Oil World, while MPOC market intelligence is the source of price.
Per Capita National Income and Per Capita Consumption of Oils & Fats
2003 2004 2005 2006 2007 2008
Per Capita Gross National Income (GNI) in US$
411 440 463 476 523 608
Per Capita Consumption of Oils and Fats in kg.
7.5 7.6 8.0 8.3 8.9 8.6
Source: Bangladesh Economic Survey for Per Capita GNI and Oil World for Per Capita Consumption
Import of Total Oils and Fats vis-à-vis 3 Major Edible Oils: 2001-2009
Year Total Oils & Fats
Change (%)
Palm Oil
Change (%)
Soyabean Oil
Change (%)
Rape/ Mustard/Canola
Oil*
Change (%)
Other Oils & Fats
Change (%)
2001 917.8 13.0 341.4 100.8 433.6 -15.2 96.6 18.2 46.2 -5.9
2002 1003.3 9.3 434.8 27.4 457.7 5.6 65.3 -32.4 75.5 63.4
2003 1087.3 8.4 524.2 20.6 424.1 -7.3 93.7 43.5 45.3 -40.0
2004 1109.6 2.1 689.5 31.5 329.1 -22.4 63.3 -32.4 27.7 -38.9
2005 1086.1 -2.1 826.5 19.9 206.6 -37.2 29.3 -53.7 23.7 -14.4
2006 1278.2 17.7 878.9 6.3 320.5 55.1 49.4 68.6 29.4 24.1
2007 1207.1 -5.6 581.2 -33.9 508.4 58.6 72.9 47.6 44.6 51.7
2008 1096.8 -9.1 816.0 40.4 217.3 -57.3 26.8 -63.2 36.7 -17.7
2009 (Jan-Nov)
1395.0 - 959.0 - 363.8 - 43.9 - 28.3 -
In ’000 Tonnes
Source: MPOC Market Intelligence *Oil equivalent@38% oil extraction.
Yearwise Production, Import vis-à-vis Consumption of Oils & Fats in Bangladesh: 2005-2008
Import Trend of Major 3 Major Edible Oils: 2003-2009
Source: MPOC Market Intelligence
Import Sources of Palm Oil: 2001-2008
Year MPO IPO Others Total
In tonnes In % In tonnes In % In tonnes In % In tonnes In %
2001 151,977 44.0 189,470 56.0 Nil - 341,447 100
2002 208,557 48.0 226,267 52.0 Nil - 434,824 100
2003 268,794 51.0 252,452 48.0 3,000 1.0 524,246 100
2004 355,249 52.0 334,306 48.0 Nil - 689,555 100
2005 459,766 56.0 366,680 44.0 Nil - 826,446 100
2006 415,635 47.3 461,273 52.55 2,000 0.2 878,908 100
2007 159,733 27.5 411,932 70.9 9,518 1.6 581,183 100
2008 247,378 30.3 554,514 68.0 14,063 1.7 815,955 100
Note: MPO refers to Malaysian origin palm oil, IPO refers to Indonesian origin palm oil, while others mainly refers to Thailand.
Import Duty
• Crude Palm Oil/Olein : Zero Duty
• RBD Palm Olein : Zero Duty (Only for Vanaspati Manufacturers)
• Crude Degummed Soyabean Oil :Zero Duty
• Oilseeds : Zero Duty
COMPANY Refinery
(In Operation) Capacity/Day Palm Olein Brand PO Import in ’08
2 Refineries 1 Dry Fractionation
1,300 MT 500 MT
Nil CPOL: 146,950 Mt
CPO: 6,000 MT % of total PO Import:18.75
3 Refineries 2 Dry Fractionation
2,300 MT 1,800 MT
NATURAL CPOL: 98,753 MT CPO: 38,700 MT
RBD PL: 6,700 MT % of total PO Import: 17.70
2 Refineries 1 Dry Fractionation
800 MT 300 MT
DADA SUPER
CPOL: 122,513 MT CPO: 6,000 MT
% of total PO Import: 15.75
3 Refineries 2 Dry Fractionation
1,700 MT 800 MT
HILSHA FAMILY
CPOL: 75,840 MT CPO: 49,158 MT
% of total PO Import: 15.30
2 Refineries 2 Dry Fractionation
1,050 MT 1,100 MT
PURE
CPOL: 92,871 MT CPO: 9,500 MT
% of total PO Import: 12.50
1 Refineries 1 Dry Fractionation
300 MT 300 MT
SHAKTI CPOL: 17,704 MT CPO: 20,000 MT
% of total PO Import: 4.60
3 Refineries 2 Dry Fractionation
1,150 MT 1,000 MT
Nil CPOL: 57,589 MT
CPO: 5,000 % of total PO Import: 7.70
1 Refinery 1 Dry Fractionation
150 MT 120 MT
Nil CPOL: 40,327 MT
CPO: Nil % of total PO Import: 5.0
BANGLADESH PALM OIL INDUSTRY & KEY PLAYERS
Note: PO refers to Crude Palm Oil, Crude Palm Olein and RBD Pam Olein.
Finally—just like it says, “It’s more than just oil. It’s a gift
from nature. A fruit for life.” Malaysia palm Oil.
Thank you &
Good bye....
