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| Report Features | Details |
| Product Name | Palm Kernel Oil |
| Region/Countries Covered |
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| Currency | US$ (Data can also be provided in local currency) |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Request for Real Time Palm Kernel Oil Prices: https://www.procurementresource.com/resource-center/palm-kernel-oil-price-trends/pricerequest
Palm kernel oil is an edible plant that is produced from the kernel of the Elgeis guineensis oil palm tree. It is distinct from palm oil in terms of its chemical and physical characteristics.
In comparison to palm and coconut oils, it is more saturated and semi-solid at room temperature. Palm kernel oil is used to replace chocolate and fats in other meals because of its prolonged shelf life and bland flavour.
The top four countries that produce 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 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 trend, 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:
Palm kernel oil is more saturated in comparison to palm oil and is also used in the production of milk lotion, cream, soap, and other cosmetics. The use of palm kernel oil in cosmetics is becoming more common as people become more mindful of the dangers of chemicals used in cosmetics and their side effects. Furthermore, increasing customer demand for naturally formulated personal care and beauty products is pushing the demand for this oil in the cosmetics industry.
The rise in general health consciousness globally is aiding the demand for edible oil such as palm kernel oil in the food industry. Palm kernel oil is also widely used in the lubricant and biodiesel industries.
The formulation of biodiesel using sodium hydroxide pellets, methanol, and palm kernel oil in a trans-esterification reaction is one such application, which is boosting the market growth of palm kernel oil.
The palm kernel oil industry is projected to rise in the forecast period, owing to increased biodiesel use in vehicles due to its affordability and environmental friendliness as compared to other fuels.
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: According to a report released by the Solvent Extractors' Association of India, the imports from Malaysia involved 306.376 tonnes of crude palm oil, 7.700 tonnes of crude palm kernel oil, 39.480 tonnes of RBD palm olein, 7.700 tonnes of crude palm kernel oil.
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About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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