Section 2: Opportunities for Palm Oil in Asian Market:
Growth of Palm Oil Demand in the ASEAN Region for 2022 and Beyond
Dr Julian Conway McGill
Dr Julian Conway McGill is the Head of South East Asia at LMC International. He is in charge of LMC’s research across the region.
He and his team are based in Kuala Lumpur. Their work aims to help clients better understand the economics of crops, agricultural commodities and their value chain. Most of their time is spent on the oil palm and it’s downstream derivatives.
Dr McGill holds an M.A. (Honours) in Economics from the University of Edinburgh and completed his PhD (DPhil) at the University of Oxford
The focus for palm oil exports is mostly on the major import markets, notably China, India and the EU. The ASEAN region, however, is home to over 660 million people – almost one and half times the population of the EU. In addition, the population is younger and poised to urbanize and develop more rapidly. So how can we understand how this market will evolve?
In this presentation we will discuss:
• How are consumption habits in South East Asia changing with greater income and urbanisation? What will this mean for vegetable oil demand?
• What are the cropping patterns in South East Asia? How will they evolve? What will this mean for import requirements?
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