Palm Kernel Oil Prices, Trend & Forecasts | Provided by Procurement Resource

Report FeaturesDetails
Product NamePalm Kernel Oil
Region/Countries CoveredAsia 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
CurrencyUS$ (Data can also be provided in local currency)
Customization ScopeThe report can be customized as per the requirements of  the customer
Post-Sale Analyst Support360-degree analyst support after report delivery

Request for Real Time Palm Kernel Oil Prices:

Palm kernel oil is an edible plant that is produced from the kernel of the Elgeis guineensis oil palm tree. It is distinct from palm oil in terms of its chemical and physical characteristics.

In comparison to palm and coconut oils, it is more saturated and semi-solid at room temperature. Palm kernel oil is used to replace chocolate and fats in other meals because of its prolonged shelf life and bland flavour.

The top four countries that produce palm kernel oil are Indonesia, Malaysia, Thailand, and Nigeria.

Key Details About the Palm Kernel Oil Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the palm kernel oil price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The palm kernel oil price trend, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Palm Kernel Oil Price Trend:

Price Trend Image

Palm kernel oil is more saturated in comparison to palm oil and is also used in the production of milk lotion, cream, soap, and other cosmetics. The use of palm kernel oil in cosmetics is becoming more common as people become more mindful of the dangers of chemicals used in cosmetics and their side effects. Furthermore, increasing customer demand for naturally formulated personal care and beauty products is pushing the demand for this oil in the cosmetics industry.

The rise in general health consciousness globally is aiding the demand for edible oil such as palm kernel oil in the food industry. Palm kernel oil is also widely used in the lubricant and biodiesel industries.

The formulation of biodiesel using sodium hydroxide pellets, methanol, and palm kernel oil in a trans-esterification reaction is one such application, which is boosting the market growth of palm kernel oil.

The palm kernel oil industry is projected to rise in the forecast period, owing to increased biodiesel use in vehicles due to its affordability and environmental friendliness as compared to other fuels.

Key Market Players:

  • Cargill, Incorporated
  • Wilmar International Ltd
  • Bunge Loders Croklaan (Bunge Limited)
  • Natures Natural India
  • IOI Corporation Berha

News and Events:

  • September 16, 2022: According to a report released by the Solvent Extractors’ Association of India, the imports from Malaysia involved 306.376 tonnes of crude palm oil, 7.700 tonnes of crude palm kernel oil, 39.480 tonnes of RBD palm olein, 7.700 tonnes of crude palm kernel oil.

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