Product
RBD Palm Oil Price Trend and Forecast
RBD Palm Oil Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of RBD Palm Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
RBD Palm Oil Price Trend for the First Half of 2023
RBD Palm Oil is a more refined and processed version of Palm Oil, so the price trends for RBD Palm Oil closely mimic the price trends for Palm Oil. Asia, especially countries like Indonesia, exports the majority of RBD Palm Oil to the world. So, the global RBD Palm Oil price trends are influenced substantially by the market trends in the Asian market.
RBD Palm Oil observed mixed price trends throughout the first half of 2023. As Indonesia tried to promote exports, the export tariffs were eased, bringing down the overall upstream costs, and freight normalization also contributed to the trends. So, Q1 experienced low swinging price trends. But exports were constricted a little in the second quarter to stabilize the domestic market, so little upward push was seen. However, the market fluctuations were in a very narrow range, so the overall market sentiments remained dull throughout.
Analyst Insight
According to Procurement Resource, the RBD Palm Oil prices are expected to continue oscillating in the upcoming months owing to the current trading atmosphere amid uncertain demand and rising inflation rates.
Procurement Resource provides latest prices of RBD Palm 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.
About
RBD Palm Oil stands for refined bleached deodourised palm oil. Palm oil refinery plants, in general, carry out physical refining, which involves three steps refining, bleaching (decolourisation) and deodourisation. These RBD Palm Oil have huge demand in the market due to its high quality as well as high durability. It is further used to produce RBD palm olein by carrying out fractionation.
Product Details
| Report Features | Details |
| Product Name | RBD Palm Oil |
| Industrial Uses | Margarine and spreads, Ice-cream, Frying and cooking oils, Fatty acids, Soaps and cosmetics, Fuel, Emulsifiers |
| Supplier Database | AMG International Ltd, Usha Edible Oil International Pte,Ltd, Sime Darby Plantation Berhad, IOI Corporation Berhad, Musim Mas Holdings Pt. Ltd, Farmimex (H.Y. Hammad Yousuf Companies) |
| Region/Countries Covered | Asia 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 |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of RBD Palm Oil from Crude Palm Oil via Processing.
The RBD palm oil extraction process initially requires palm oil from the flesh of the fruit. After the extraction of crude palm oil from the palm fruit, it is processed at mills, which is further refined and deodourised to finally obtain RBD Palm Oil.
Methodology
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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