Palm Kernel Oil Prices, Latest Price, News, Market Analysis | Provided by Procurement Resource

Posted on 23 December, 2022 by Endru Smith

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The kernel of the palm fruit is used to obtain the edible plant oil known as palm kernel oil. It differs significantly from palm oil in terms of both composition and properties. In contrast to other oil types, which require specialised examinations for their qualities that are collected from the remainder of the fruit, palm kernel oil is typically sold at room temperature.

Palm kernel oil can also be used to replace cocoa and the fats contained in other foods because of its neutral flavour and long shelf life.

The biggest producers of palm kernel oil are Indonesia, Malaysia, Thailand, and Nigeria.

Key Details About the Palm Kernel Oil Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the palm kernel oil price, rapeseed price and tin can price etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The palm kernel oil price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Palm Kernel Oil Price Trend:

The palm kernel oil price trend is influenced by its industrial applications which include the production of cosmetics and detergents. It is also employed in the manufacturing of margarine, cocoa, and butter substitute and is used to produce ice creams.

Key Market Players:

• Cargill, Incorporated
• Wilmar International Ltd
• BASF SE
• Bunge Loders Croklaan (Bunge Limited)
• Natures Natural India
• IOI Corporation Berha

News and Events:

• September 16, 2022: Last month, India imported 353.556 tonnes of palm oil from Malaysia, up 49% from July 2022, as its overall imports of edible oils increased month over month by 14%. According to information released by the Solvent Extractors' Association of India, the imports from Malaysia included 306.376 tonnes of crude palm oil (CPO), 39.480 tonnes of RBD palm olein, and 7.700 tonnes of crude palm kernel oil (SEA).

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