Palm Kernel Oil Prices, Chart, Demand, News and Forecast

𝗣𝗮𝗹𝗺 𝗞𝗲𝗿𝗻𝗲𝗹 𝗢𝗶𝗹 𝗣𝗿𝗶𝗰𝗲 𝗶𝗻 𝗨𝗦𝗔

𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: 898 USD/MT (Dec, 23)

The price of palm kernel oil in the United States for Q4 2023 reached 898 USD/MT in December.

The latest report by IMARC Group, titled "𝗣𝗮𝗹𝗺 𝗞𝗲𝗿𝗻𝗲𝗹 𝗢𝗶𝗹 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁 𝟮𝟬𝟮𝟰: 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗲𝗻𝗱, 𝗖𝗵𝗮𝗿𝘁, 𝗠𝗮𝗿𝗸𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗡𝗲𝘄𝘀, 𝗗𝗲𝗺𝗮𝗻𝗱, 𝗛𝗶𝘀𝘁𝗼𝗿𝗶𝗰𝗮𝗹 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗗𝗮𝘁𝗮," provides a thorough examination of palm kernel oil prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

𝗥𝗲𝗽𝗼𝗿𝘁 𝗢𝗳𝗳𝗲𝗿𝗶𝗻𝗴:

• 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annul Subscription
• 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription
• 𝗕𝗶𝗮𝗻𝗻𝘂𝗮𝗹𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/palm-kernel-oil-pricing-report/requestsample

𝗣𝗮𝗹𝗺 𝗞𝗲𝗿𝗻𝗲𝗹 𝗢𝗶𝗹 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗲𝗻𝗱- 𝗟𝗮𝘀𝘁 𝗤𝘂𝗮𝗿𝘁𝗲𝗿

Palm kernel oil (PKO) is extracted from the seeds of the oil palm tree and is widely used in industries such as food processing, cosmetics, and biodiesel production. Known for its high saturated fat content, PKO is valued for its long shelf life and stability at high temperatures, making it a key ingredient in processed foods and skincare products. The global palm kernel oil market is driven by rising demand in the food and personal care industries, where its versatility and cost-effectiveness are highly prized. Growing awareness of sustainable palm oil production is also influencing market trends, with companies increasingly adopting eco-friendly sourcing practices.

Additionally, the expanding biodiesel sector, fueled by the global push for renewable energy sources, further bolsters demand for PKO. Technological advancements in extraction methods and increasing consumer preference for plant-based ingredients are enhancing market growth. These factors, combined with evolving consumer lifestyles and dietary preferences, are shaping the global market for palm kernel oil.

𝗣𝗮𝗹𝗺 𝗞𝗲𝗿𝗻𝗲𝗹 𝗢𝗶𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

In Q4 2023, palm kernel oil prices in North America showed a fluctuating trend. October saw a sharp decline due to excess supply and moderate trading activity. However, November experienced a rise in prices driven by increased downstream demand and higher input costs, including energy and raw materials. Global logistical challenges, such as port congestion, further contributed to the price hike. By December, market demand weakened, leading to a price drop as traders reduced stock levels to clear inventories before year-end.

The palm kernel oil market in the Asia Pacific region, particularly in Malaysia, experienced notable dynamics in Q4 2023. In October, prices declined amid surplus inventories and forecasts of higher production. November marked a price increase due to rising food industry demand, geopolitical factors affecting crude oil, and growing interest in the biodiesel sector in India. However, December witnessed price stabilization and a slight decline as exports slowed, particularly from major importing countries like India, reducing the overall market demand.

Throughout Q4 2023, European palm kernel oil prices mirrored global trends, particularly those in North America. October saw a significant price drop, primarily due to ample supply and reduced just-in-time purchasing in key sectors like food and personal care. November brought a rise in demand linked to the holiday season, driving manufacturers to restock inventories. However, in December, prices again fell as lower-than-expected demand dampened trade activity, despite steady supply levels across the regional market.

𝗦𝗽𝗲𝗮𝗸 𝘁𝗼 𝗔𝗻 𝗔𝗻𝗮𝗹𝘆𝘀𝘁: https://www.imarcgroup.com/request?type=report&id=22880&flag=C

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗣𝗿𝗶𝗰𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:

• 𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
• 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 & 𝗔𝗳𝗿𝗶𝗰𝗮: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

𝗡𝗼𝘁𝗲: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

𝗬𝗼𝘂 𝗠𝗶𝗴𝗵𝘁 𝗔𝗹𝘀𝗼 𝗥𝗲𝗮𝗱:

𝗣𝗮𝗹𝗺 𝗢𝗶𝗹 𝗣𝗿𝗶𝗰𝗲𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝟮𝟬𝟮𝟰: https://www.imarcgroup.com/palm-oil-pricing-report/requestsample

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
𝗘𝗺𝗮𝗶𝗹: sales@imarcgroup.com
𝗧𝗲𝗹 𝗡𝗼: (D) +91 120 433 0800
𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: +1-631-791-1145

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.