Palm Stearin Price History and Forecast Analysis | Provided by Procurement Resource
Posted on 8 February, 2023 by Endru Smith
| Product Name | Palm Stearin |
| HS Code | 38231112 |
| Region/Countries for which Data is available |
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| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | Our services can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after service delivery |
Request for Real Time Palm Stearin Prices: https://www.procurementresource.com/resource-center/palm-stearin-price-trends/pricerequest
A solid fraction from the fractionation of palm oil is known as palm stearin. In general, ester linkages are known to connect the glycerol backbone of palm stearin to three fatty acids. Palm Stearin can be identified by a high concentration of oleic and palmitic acids.
As a natural hard stock, palm stearin is frequently utilised to produce trans-free fats. Palm stearin comprises a high proportion of TAGs and saturated fatty acids. Additionally, it has a high melting point of 48-50 degrees Celsius.
The largest producers of palm stearin are Indonesia, Malaysia, Columbia, Nigeria, Ecuador, and Guatemala.
Key Details About the Palm Stearin 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 stearin price, LPG price and ethylene 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 stearin 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 Stearin Price Trend:
The palm stearin price trend is influenced by its industrial applications which include polysaccharide-based coating substitutes, cocoa butter replacers, emulsion products, lard replacers, and margarine. Palm stearin is also employed in soaps, animal feeds, and oleochemicals.
Key Market Players:
- Wilmar International Ltd
- Cailà & Parés SA
- Cargill Incorporated
News and Events:
- February 20, 2022: An unheard-of potential to improve the farmer's revenue emerges because of the rising demand for edible oils. Moreover, India has been importing at least INR 70,000 crore worth of edible oils and their derivatives every year. With the aim of promoting domestic oilseed production and oil palm planting throughout India, the Indian government launched the new Mission under The National Mission on Edible Oils - Oil Palm (NMEO-OP).
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