During the first half of 2023, Crude Palm Kernel Oil prices in Asia experienced fluctuating trends, mainly lingering at the lower end. Some reversals occurred during the quarter shift due to increased consumption during Ramadan. The decline in prices was largely attributed to heightened outputs from key producers Indonesia and Malaysia. Europe mirrored similar market trends, with prices falling in the first quarter due to easier imports. However, they showed some upward fluctuations in the second quarter due to increased consumption. North America also followed global price trends, with prices remaining low but supported by favorable supply-demand dynamics.
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Definition
Crude Palm Kernel Oil is a type of vegetable oil extracted from the kernel (seed) of oil palm fruits. It is commonly used in various industries, including food production, cosmetics, and personal care products. The oil's high content of saturated fats makes it suitable for cooking and as an ingredient in many consumer goods.
Key Details About the Crude Palm Kernel Oil 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 the Crude Palm Kernel Oil 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 crude palm kernel oil price chart, including India crude palm kernel oil price, USA crude palm kernel oil 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 Crude Palm Kernel Oil Price Trend:
Crude Palm Kernel Oil finds key industrial uses in various sectors. In the food industry, it serves as a cooking oil due to its high smoke point and neutral taste. It is a vital ingredient in the production of bakery goods, confectionery, and snacks. The oil's stability and creamy texture make it suitable for making margarine and other fat-based spreads. Additionally, Crude Palm Kernel Oil is used in the manufacturing of soaps, detergents, cosmetics, and personal care products, owing to its emollient and moisturizing properties.
Key Players:
- Cargill
- Wilmar International Ltd
- BASF SE
- Bunge Loders Croklaan (Bunge Limited)
- Natures Natural India
- IOI Corporation Berhad
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Plum Oil also known as Plum Seed Oil or Plum Kernel Oil is a cold pressed, virgin oil extracted from the seeds or kernels of French Ente plums.
This oil possesses revitalizing, hydrating and antioxidant properties which prevents the chances of signs of ageing.
It is used for aromatherapy uses and skin care products.
The oil results clear to golden yellow in color.
It has mild, sweet, marzipan and nutty aroma with neutral odor.
It has high content of Polyunsaturated essential fatty acids such as Oleic acid and Linoleic acid.At present, the manufactures of Plum Kernel Oil are concentrated in North America, Europe, Japan, India.
