RBD Palm Kernel Olein Price Trend and Forecast

RBD Palm Kernel Olein Regional Price Overview

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

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

RBD Palm Kernel Olein is refined bleached and deodorized palm kernel olein that is derived from RBD Palm Kernel oil during the oil fractionation process, so their price trends align very closely with each other. During the period of H2’23, the RBD Palm Kernel Olein prices kept sliding low for the entire period.
 

RBD Palm Kernel Olein Price Chart

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The said year registered a spike in palm production especially in the major supplying Asian nations of Indonesia and Malaysia. This created a domino effect as the Indian importers even cut down the imports to stabilize the RBD Palm Kernel Olein market in the final quarter. Overall, a weak market trajectory was observed in H2’23.

Analyst Insight

According to Procurement Resource, the RBD Palm Kernel Olein price trends are not likely to incline immediately. However, some resurrection is expected going forward, given the supply and demand dynamic improves.
 

RBD Palm Kernel Olein Price Trend for the First Half of 2023

Asia

The prices of RBD palm kernel olein fluctuated throughout the first and second quarters of 2023. Initially, in the first quarter, the appetite of consumers surged while the supply of the product remained constrained. However, during the mid-phase of the second quarter, the price trend of RBD palm kernel olein started to decline. The reduced number of new orders, increase in the level of inventories, and rising levels of uncertainties in the market proved to be a challenge for the price trend of RBD palm kernel olein.

Europe

During the first quarter and in the initial phase of the second quarter, the price trend of RBD palm kernel olein was stable. But during the end phase of the second quarter, the market activities of the RBD palm kernel olein began to shift. With the rising levels of inflation, low confidence of consumers, and hike in rates of inflation, the price trend of RBD palm kernel olein took a dip in the European countries.

North America

As seen in the Asia-Pacific and European countries, the price trend of RBD palm kernel olein was stable in the first quarter and during the initial phase of the second quarter. However, the trading activities in North America slumped, and higher stock volumes negatively affected the price trend of RBD palm kernel olein. In addition to this, the falling cost of energy declined demand from the downstream industries, and uncertainties in the rates of inflation caused the price trend of RBD palm kernel olein to take a southward turn.

Analyst Insight

According to Procurement Resource, the price trend of RBD Palm Kernel Olein is estimated to depict a falling trajectory as the market activities are hampered by low demand and an inclining trend of global inflation.
 

RBD Palm Kernel Olein Price Trend for the Second Half of 2022

Asia Pacific

The price of RBD Palm Kernel Olein showed a fluctuating tendency in the Asia-Pacific region. The growth in the price of the product was influenced by the end-user industries' demand. However, the decline in oil prices in the later months of the third quarter and fourth quarters was largely due to global inflation, an export embargo, and a limited supply. Another factor contributing to the price decline was the market's high inventory levels.

Europe

During the third and fourth quarters of 2022, RBD Palm Kernel Olein prices decreased in the European market. The poor consumer demand is primarily to blame for the fall. The supply chain has remained robust throughout the concerned quarters, and the easing of the export embargo from Indonesia has only strengthened it. The costs of RBD Palm Kernel Olein decreased as a result of all these causes.

North America

In the third quarter of 2022, the North American market shrank. This reduction was caused by the increase in inventory brought on by the tightening of restrictions. A similar pattern continued into the fourth quarter. Increased exports from the Indonesian market were the main cause. This bolstered the supply, upsetting the balance between supply and demand and causing a drop in prices.

Analyst Insight

The prices of RBD Palm Kernel Olein are likely to decrease during the coming months given the high yields and overflowing inventories of the commodity in the market.
 

RBD Palm Kernel Olein Price Trend For the First Half of 2022

With the removal of precious Black Sea sunflower oil from the market owing to the Russian-Ukrainian conflict, the price of other oils especially palm and soybean oil came under pressure.  The prices of palm and palm kernel oil soared globally. With the Indonesian government announcing a ban on the exports of Palm oil citing domestic reasons and the reduced output from Malaysia due to floods negatively impacted the already constricted supply chains.

The prices of Malaysian crude palm kernel oil averaged 1811.19 USD/MT in May 2022. Hence, these inflated feedstock costs directly influenced the price trend for RBD Palm Kernel Olein. However, with the relaxation in the upstream costs and removal of the export ban the prices of palm oil stabilized in the market towards the end of the second quarter. The prices of crude palm kernel oil averaged 1554.50 USD/MT in June 2022.

Procurement Resource provides latest prices of RBD Palm Kernel Olein. 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.