RBD Palm Stearin Price Trend and Forecast

Regional Price Overview

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

RBD Palm Stearin Price Trend for the Second Half of 2023

RBD Palm Stearin has solid consistency and thus has been gaining the interest of consumers not only in the food and beverages industries but also in the cosmetics and personal care sectors. It also can act as a stabilizing agent in various food processing activities. This expansion in its market base significantly contributed to its demand trend in the later quarters of 2023.

RBD Palm Stearin Price Chart

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The imports of edibles such as RBD Palm Stearin in India declined by a significant margin at the end of two quarters of 2023 as domestic production was able to cater to the rising demand for the commodity. As compared to the previous year, the edible import declined by 16 percent in December.

This reduction suggests a stagnant trend in the prices of RBD Palm Stearin in Asian countries as with a low influx of expensive overseas imports and a rise in regional production, the RBD Palm Stearin price trend declined gradually. On the demand side, with the advent of the holiday season at the end months of the year 2023, the traders were able to sustain a supply-demand equilibrium, favoring the stability of the RBD Palm Stearin market prices.

Analyst Insight

According to Procurement Resource, the price of RBD Palm Stearin is estimated to continue its straight-line movement in the forthcoming quarters as the rise in domestic production in Asian countries and the decline in their dependency on imports suggests smooth operations.

Procurement Resource provides the latest prices of RBD Palm Stearin. 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 a 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.