Physical refining is used to make RBD palm kernel oil from crude palm kernel oil, which is produced from palm oil seeds. It has a very sharp solid fat melting curve, which makes it an excellent raw material for specialised fats. Palm oil prices continued to rise on March 9, with the mainstream quote returning to 14,000 RMB/MT and the spot price of palm oil reaching 13,860 RMB/MT, up 1.76% from the previous working day. Floods occurred in Malaysia in January 2022 as a result of severe rainfall, reducing the palm oil supply. The price of soybean oil and palm oil continued to grow quickly, boosted by a slew of favourable factors, with palm oil surpassing 10,000 for the first time. The market turnover was ordinary because the soybean and palm oil futures markets surged too quickly. Following the steep surge, adjustments were made one by one, and the soybean and palm oil markets oscillated upward for a half-month. The transaction was hampered by the high price of soybean oil and palm oil, particularly the price of palm oil, which remained in the first line of 10,000 RMB. RBD palm kernel oil prices follow the trend of crude palm kernel oil.
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.
Procurement Resource provides RBD Palm Kernel Oil prices for regions around the globe, which are as follows:
About RBD Palm Kernel Oil:
RBD Palm Kernel Oil is known as a refined, bleached, as well as a deodourised vegetable oil that is free from off-odours and off-flavours. It is widely utilised for ice cream, dessert coatings, soft fillings, and confectionery fats.
As the name says RBD Palm Kernel Oil, it is extracted from the kernel oil and further refined, bleached as well as de-odourised for commercial use.
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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).
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