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In July 2023, the import growth of Dairy Produce remained steady at a lower figure, expanding slightly in value to $258M.
Imports of Refined Groundnut Oil remained at a lower figure from August 2022 to June 2023. In June 2023, the value of refined groundnut oil imports totaled $1.3M.
In February 2023, the import of Maize Oil witnessed a remarkable rate of growth with a month-to-month increase of 494%. Additionally, the value of Maize Oil imports surged to $888K in June 2023.
During the analyzed period, there was a slight decrease in imports. The value of imports of Crude Rapeseed Oil surged to $1.4M in August 2023.
Between May 2023 and August 2023, the exports of Crude Soybean Oil experienced a slowdown in growth. The value of these exports significantly declined to $7.5M in August 2023.
During the period from November 2022 to July 2023, there was a moderate increase in the exports of Refined Maize Oil, which reached a value of $1.6M in July 2023.
In May 2023, ghee imports experienced a significant growth rate, increasing by 151% compared to the previous month. Furthermore, the value of ghee imports soared to $5.1M in July 2023.
In June 2023, the growth of Crude Groundnut Oil was exceptional, showing a rapid surge of 312% compared to the previous month. However, in July 2023, the value of crude groundnut oil exports dramatically declined to $6.2M.
During the period of June 2023 to July 2023, there was a slight decrease in the growth of imports. In terms of value, the imports of Soybean Oil fell modestly to $21M in July 2023.
In July 2023, the price of Cane Molasses was $85.0 per ton (CIF, South Africa), reflecting a 6.9% increase compared to the previous month.
In June 2023, the price of Groundnut Oil was $2,737 per ton in Hong Kong, representing an 11% increase compared to the previous month.
In July 2023, Palm Oil price remained the same at $1,284 per ton (FOB, Thailand), compared to the previous month.