RBD Palm Olein Price Trend and Forecast

Regional Price Overview

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

RBD Palm Olein Price Trend for the Second Half of 2023

Asia

In Asian countries, the average production and hike in the interest of the downstream industries, along with the rise in the cost of fertilizers, insecticides, and other input materials, the RBD palm olein prices inclined substantially in the third quarter of 2023.

RBD Palm Olein Price Chart

RBD Palm Olein Price Trends


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Particularly in Indonesia, the commodity traders noticed that even after the expansion of production units, the existent rates were unable to meet the growing interest of consumers, providing room for them to raise their price quotations of RBD palm olein. However, the dynamics were overturned in the last quarter when the inventories surpassed the domestic and overseas procurement rates. The Malaysian market, on the other hand, reverted upwards from this avalanche in the last month of the year, ending the year on an optimistic note.

Europe

A surge in demand and a low level of stockpiles guided the RBD palm olein price trend towards an upward trajectory during the third quarter of 2023. There were also several instances in those months when traders noted a slight relief in the inflationary pressure on account of which the consumers were able to raise their spending appetite. On the other hand, the fourth quarter brought several fluctuations as the prices dropped by a great margin in the first month. The rebound of the market in the subsequent months was slow but steady.

North America

In North America, the RBD palm olein prices showcased a similar trend as was observed in the Asian countries, with regional prices rising in the third quarter on account of the inclining cost of operation, global demand, and substantial reduction in inventories.

The majority of inventories started restocking in anticipation of excessive demand from the downstream industries. However, due to a sudden hit in global dynamics, the RBD palm olein prices moved southwards in the initial phase of the fourth quarter and then only improved slightly in the rest of the month.

Analyst Insight

According to Procurement Resource, the price trend of RBD Palm Olein is expected to oscillate in the upcoming quarters as the downstream demand and production rates might struggle to find an equilibrium.

RBD Palm Olein Price Trend for the First Half of 2023

Asia

The first quarter of 2023 witnessed a decline in the prices of RBD palm olein due to a lack of cost support from the bleak trading sentiments and a lack of demand from the domestic sector.

In the second half of this quarter, the trend gained momentum, and prices inclined as end-user industries showcased a positive growth rate. The prices continued to surge till the middle of the second quarter, after which they fell steeply as the demand for cooking oil and its derivatives declined in major RBD palm olein-producing nations.

Europe

The consumers in European countries had less faith in the RBD palm olein market, which was evident in their low appetite in the first quarter of 2023. The stock of RBD palm olein was already abundant in the European markets, and further influx from Asian countries only raised the level of inventories. However, the initial months of the second quarter showcased signs of improvement in the RBD palm olein price trend.

The surge in the prices was supported by increased demand for edible oils and overall consumption rates, but the availability of cheap imports and high domestic inventories proved to be a challenge for the RBD palm olein prices in this quarter.

North America

The RBD palm olein prices in North America suffered from weak procurement rates, excess stockpiles, and weak trading sentiments in the initial phase of the first quarter. However, unlike European and Asia-Pacific markets, the prices of RBD palm olein in North America inclined in the second quarter of 2023 mainly because of the ban imposed on imports from major RBD palm olein exporting nations. This ban helped in reducing the level of inventories and, thus, positively influenced the rise in prices of RBD palm olein.

Analyst Insight

According to Procurement Resource, the price trend of RBD Palm Olein is expected to fluctuate in the upcoming months as the demand from downstream industries seems to vary from place to place, and volatility in the consumption rates of consumers also presents a challenge for RBD palm olein market.

Procurement Resource provides latest prices of RBD Palm Olein. 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.

Platform Sample

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About

RBD Palm Olein (RBD- refined, bleached and deodourised) is the liquid fraction derived by the fractionation of palm oil after crystallisation at controlled temperatures. It is particularly suitable for frying and cooking. RBD Palm Olein is cholesterol-free that contains vitamin D and E.

Product Details

Report Features Details
Product Name RBD Palm Olein
Industrial Uses Salad and cooking oils in households, Industrial frying, Potato chips, Doughnuts
Supplier Database Wilmar International Ltd, Cargill, Incorporated, Bunge Limited, Archer Daniels Midland Company, IOI Corporation Bhd
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 Olein via Industrial Extraction Process.

It is obtained from palm oil  (Elaeis guineensis), after a process of refining, bleaching as well as deodourising, resulting in the formation of palm oil categorised as RBD.

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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