Emerging markets set to gain from rising African vegetable oil imports
The gap between Africas vegetable oil production and consumption is expected to widen further, triggering additional vegetable oil imports into the continent. Rabobank forecasts an additional 3.5m tonnes of vegetable oil imports (a 33% increase) by 2030, according to Rabobanks latest report Rising African Vegetable Oil Imports in the Next Decade, Emerging Markets Set to Gain Africa offers good potential for palm oil exports from South East Asia due to its competitive price advantage.