Product
Corn Oil Price Trend and Forecast
Corn Oil Price Trend and Forecast
Corn Oil Regional Price Overview
Get the latest insights on price movement and trend analysis of Corn Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Corn Oil Price Trend for the Q1 of 2024
During the first quarter of 2024, the corn oil market was significantly influenced by the broader trends in corn production and demand. The key corn-producing regions like the USA, Argentina, Ukraine, and Brazil saw substantial increases in corn production alongside a decline in consumption across various sectors.
Corn Oil Price Chart
Please Login or Subscribe to Access the Corn Oil Price Chart Data
The substantial crops and larger ending stocks from the prior year further contributed to pushing corn and corn oil prices to new lows. In the U.S., the sharp decline in corn prices combined with rising production costs has led to a projected reduction in net farm income for 2024.
In the downstream markets, low corn and its derivatives demand from feed industries persisted throughout the first quarter, with only slight improvements towards the end of the quarter. Additionally, the higher available corn supplies and weakened purchasing activity were coupled with increased production costs, including higher seed and fertilizer prices and elevated transportation expenses.
The appreciation of the U.S. dollar against global currencies allowed merchants to procure goods at lower prices, further impacting corn oil prices. Overall, the dynamics between increased corn production, lower demand, and rising input costs have led to lower prices for corn oil.
Analyst Insight
According to Procurement Resource, the price of Corn Oil is expected to struggle with the excessive production and smooth functioning of supply chains of its feedstock exerting a negative influence on the corn oil prices in the near quarters.
Procurement Resource provides latest prices of Corn Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Corn Oil
Corn oil, extracted from the germ of corn kernels, is a vegetable oil known for its light golden color and mild flavor. It is predominantly composed of unsaturated fats, primarily linoleic acid (omega-6) and oleic acid (omega-9), which contribute to its heart-healthy profile. With a high smoke point, corn oil is suitable for frying and cooking at high temperatures without undergoing significant oxidation. Its stability and neutral taste make it a versatile ingredient in culinary applications, including salad dressings, marinades, and baked goods. Beyond cooking, corn oil is also used in industrial applications such as biodiesel production, cosmetics for its emollient properties, and pharmaceuticals as a carrier oil for medications.
Corn Oil Product Details
| Report Features | Details |
| Product Name | Corn Oil |
| Industrial Uses | Pharmaceuticals, Food Industry, Cosmetic Industry, Agriculture |
| CAS Number | 8001-30-7 |
| Supplier Database | Cargill Inc, Greenfield Specialty Alcohols, Roquette Freres, Grain Processing Corporation, Associated British Foods |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| 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 |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Corn Oil Production Process
Production Process of Corn Oil by Corn-Germ Pressing Method: The process of obtaining corn oil is initiated by the extraction of corn seeds by the oil pressing method. The corn seeds are then separated on the basis of their water content and are then sorted on the same grounds. They are then processed via corn-germ pressing, which involves passing screw oil pressing machines and pressing them at a pressure above 69 MPa. The oil is then extracted and further processed to give the desired corn oil.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Assistance from Experts
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Client's Satisfaction
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Assured Quality
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.
Table Of Contents
Our Clients
Get in Touch With Us
UNITED STATES
Phone:+1 307 363 1045
INDIA
Phone: +91 1203185500
UNITED KINGDOM
Phone: +44 7537 171117
Email: sales@procurementresource.com