Product
Palm Kernel Oil Price Trend and Forecast
Palm Kernel Oil Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Palm Kernel Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Palm Kernel Oil Price Trend for the H2 of 2022
Asia
The Asia-Pacific market showed a mixed trend in the price of palm oil. The demand from the end-user industries contributed to the increase in the prices of the commodity. However, global inflation, export ban, and limited supply of oil played a key role in dipping prices in the fourth quarter and later months of the third quarter. High inventories in the market were another reason for the fall in the prices.
Europe
The European Market saw a decline in the prices of palm oil during the third and fourth quarters of 2022. The decline is majorly attributed to the low consumer demand. The supply chain remains strong during both quarters, and the uplifting of the ban export ban from Indonesia further fueled the supply chain. All these factors led to a decrease in the prices of palm oil.
North America
The North American market saw a decline in the third quarter of 2022. The rise in inventories due to the uplifting of restrictions led to this decline. The fourth quarter also followed the same trend. The major reason was increased exports from the Indonesian market. This supported the supply, disrupting the supply-demand equilibrium and thus leading to a decline in the prices.
Analyst Insight
The prices of Palm Kernel Oil are likely to decrease during the coming month given the export ban and high inventories of the commodity in the market.
Palm Kernel Oil Price Trend For the First Half of 2022
Asia
With the absence of precious Black Sea Sunflower oil from the global market owing to the ongoing Russian and Ukrainian geopolitical stance, the prices of oilseeds and oil soared throughout the global market. With the covid 19 restrictions and the Chinese government orders to divert the palm oil supply for alternate fuel blends the price trends of palm kernel oil soared and recorded staggering values.
With the expensive trade logistics and sanctions on SWIFT payments against Russia the prices of the Bursa Malaysia Derivative palm oil averaged 1627 USD/MT on the eve of war and went to a staggering 1942 USD/MT as recorded on March 1, 2022.
With the Indonesian government banning the exports of palm oil citing domestic reasons and flooding in Malaysia, the already tight supply of palm oil was constricted further. However, the export ban was a temporary measure and the prices stabilized in the Asian market with the Indonesian government lifting the export ban. The prices of palm kernel oil went from 1811.19 USD/MT in May to 1554.50 USD/MT in June 2022.
Latin America
The situation in Latin states was far worse than in the Asian counterpart. The prices of palm kernel oil registered staggering numbers due to the lousy harvest in the region. The entire region suffered from droughts further tightening the global supply chains.
Procurement Resource provides latest prices of Palm Kernel 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
Palm Kernel Oil is known as an edible plant oil that is extracted from the kernel of the oil palm fruit. It is manufactured by the physical refining of crude palm kernel oil. Its properties as well as composition differ significantly from palm oil.
Palm Kernel Oil is generally semi-solid at room temperature unlike other oil-types which are obtained from the rest of the fruit. This oil resembles coco oil as when it is eaten, it produces a soft sensation in the mouth like cacao. Due to its neutral taste and long life, palm kernel oil can also be utilised as a substitute for cacao and fats found in milk.
Product Details
| Report Features | Details |
| Product Name | Palm Kernel Oil |
| Industrial Uses | Cosmetics, Food products, Solvents, Intermediates, Other |
| Supplier Database | Cargill, Incorporated, Wilmar International Ltd, BASF SE, Bunge Loders Croklaan (Bunge Limited), Natures Natural India, IOI Corporation Berhad |
| 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.
Production Process
- Production of Palm Kernel Oil via Extraction
The conventional oil extraction process to manufacture Palm Kernel Oil involves frying of palm kernels in old oil or heating the dried nuts. The fried kernels are further ground to a paste in a motorised grinder. The paste is then mixed with a small quantity of water and finally heated to recover the Palm Kernel 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).
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