In 2023’s first and second quarters, RBD palm kernel olein prices in Asia experienced fluctuations due to varying consumer demand and constrained supply. However, the trend gradually declined in Q2 due to reduced orders, increased inventory levels, and market uncertainties. In Europe, the prices remained stable in Q1 and early Q2, but eventually dipped due to rising inflation, consumer confidence issues, and increased inflation rates. Similarly, North America witnessed price stability in Q1 and early Q2, but a decline occurred later due to decreased trading, higher stock volumes, falling energy costs, weak downstream industry demand, and inflation uncertainties, collectively affecting RBD palm kernel olein prices.
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Definition
RBD Palm Kernel Olein is a refined, liquid fraction derived from palm kernel oil through a process of refining, bleaching, and deodorizing (RBD). It is primarily used in cooking, food processing, and industrial applications. This oil has a high stability due to its saturated fat content and is resistant to oxidative deterioration. It remains liquid at room temperature and is rich in saturated and unsaturated fatty acids. RBD Palm Kernel Olein has a neutral taste and is valued for its versatility, making it suitable for various culinary and industrial uses.
Key Details About the RBD Palm Kernel Olein Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on RBD Palm Kernel Olein in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The RBD Palm Kernel Olein Price forecast, including India RBD Palm Kernel Olein price, USA RBD Palm Kernel Olein price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the RBD Palm Kernel Olein Price Trend:
RBD Palm Kernel Olein serves a range of industrial purposes. In the food industry, it’s used as a cooking oil, frying medium, and ingredient in food processing for its stability under high temperatures. In confectionery, it enhances texture and shelf life. Beyond food, it’s employed in soap and detergent production due to its lathering and cleansing properties. Its stability also makes it suitable for cosmetic formulations, such as in skincare products and hair treatments. Moreover, RBD Palm Kernel Olein finds application in the manufacturing of candles, as a base oil for lubricants, and in biodiesel production, reflecting its versatility across various industrial sectors.
Key Players:
- Cargill Incorporated
- Wilmar International Ltd
- Soon Soon Oilmills Sdn Bhd
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