RBD Palm Kernel Oil Price Trend and Forecast

RBD Palm Kernel Oil Regional Price Overview

Get the latest insights on price movement and trend analysis of RBD Palm Kernel Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

RBD Palm Kernel Oil Price Trend for the Second Half of 2023

RBD Palm Kernel Oil or Refined, Bleached, and Deodorized Palm Kernel Oil faced a price crisis during the said period of H2’23. The markets kept crashing continuously as production significantly rose this year. In India, the consistent decline in prices worried the suppliers. As a result, a significant decline was observed in the import volumes in the later months of Q4.
 

RBD Palm Kernel Oil Price Chart

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This step did help the market somewhat by providing a positive push to the price graph, but the overall market performance was still unsatisfactory. Higher production and exports from Malaysia and Indonesia were responsible for the discussed price crash; a dipping price trajectory was observed.

Analyst Insight

According to Procurement Resource, the RBD Palm Kernel Oil prices will strive for stabilization, and the ongoing EL Nino is also expected to affect production negatively, so the market projections are positive for the coming year.

Procurement Resource provides latest prices of RBD 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.