Post-COVID-19 market situation of palm oil in China

ABSTRACT

This article discusses the impacts of COVID-19 on palm-oil related markets, as well as new market trends and potentials in China after the COVID-19 pandemic. The demand for palm oil as an important ingredient in cooking, food processing and bakery showed an increasing trend, especially after China started to recover from the movement restrictions. Malaysia's export of palm oil to China was initially affected due to breakdowns of supply chain logistics and business suspensions. However, the country recovered from the recession and the demands are expected to grow further.