The main constituent of PFAD (palm fatty acid distillate) is palm oil. Price of palm oil was 12810 RMB/MT in March. Palm acid oil is a by-product of alkaline palm oil refining, which is now commonly used to make laundry soaps. The target market's growth was fueled by rising consumer demand for laundry detergent and soaps. Furthermore, the growth fueled by growing demand for palm acid oil in cosmetics and personal care products over the forecast period. The market's expansion was aided by a growing population, fast urbanisation, expanding awareness of personal grooming and cleanliness, and high consumer spending capacity. Increasing research and development in order to produce new and innovative products was one of the major drivers that propelled the market's rise.
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Procurement Resource provides prices of PFAD for several regions around the globe, which are as follows:
PFAD or better known as palm fatty acid distillate is a by-product formed in the refining of palm oil for the food industry. PFAD appears as a light brown semi-solid substance at room temperature, which further melts into a brown liquid upon heating. PFAD primarily contains free fatty acids (FFA) (>80%) which include oleic, stearic, and palmitic components. Production of food-grade oil from palm oil utilises distilling of palm oil as it improves the oil's taste, colour, odour, and shelf life. Thus, PFAD consists of degraded fats that are undesired and need to be removed to meet the food industry’s quality standards.
In this process, PFAD is produced as the by-product in the refining of palm oil. Palm oil is refined into food-grade oil by the removal of degraded fats and free fatty acids. The distillation of palm oil to refine the oil and separate these unwanted and degraded fats produces food-grade palm oil, which gives PFAD as the residue.
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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).