Emerging markets set to gain from rising African vegetable oil imports

The gap between Africa’s 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 Rabobank’s 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.