Crude Palm Oil (CPO) is the edible oil produced from the fruit pulp of oil palms (Elaeis guineensis). Its plantations are widely grown in Southeast Asian countries, such as Indonesia and Malaysia, for CPO production. In nature, it resembles the colour of the pulp due to the high inactive content of vitamin A.
Request for Real-Time Crude Palm Oil Prices: https://procurementresource.com/resource-center/crude-palm-oil-price-trends/pricerequest
It can be distinguished from coconut or kernel oil and is typically mixed with coconut oil to yield highly saturated vegetable fat used in cooking. Its fatty acid composition consists of lauric acid, oleic acid, palmitic acid, myristic acid, stearic acid, and linoleic acid.
Key Details About the Crude Palm 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 Oil price 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 Oil Price Index, including India Crude Palm Oil price, USA Crude Palm 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 Crude Palm Oil Price Trend:
Crude Palm oil has usage in culinary applications, mainly in West Africa, South-East Asia, and a few areas in Brazil. On a commercial scale, it is used in cooking due to it being cheap, which boosts its sales in the sector. In addition to cooking, it is also used to industrially make pre-packaged food like chocolate, pizza, and doughnuts; hair care products like shampoo; cosmetics; cleaning supplies; and personal care items (soap, deodorant, toothpaste), which boosts the demand in the market. It plays a key role in biodiesel production and works as a fuel in motor vehicles, aircraft and shipping. Also, due to it being oxidation resistant, it has a longer shelf-life which boosts its market development.
Key Players:
- FGV Holdings Berhad
- IOI Corporation Berhad
- Sime Darby Plantation Berhad
- Musim Mas Holdings Pt. Ltd
- Bumitama Agri Ltd.
- Adani Group
- Emamiltd
- Asian Agri
- Apical Group Ltd.
News & Recent Development
- 25th May 2023- Following a drop of more than 20 percent in 2023, the prices of palm oil will slip further due to frail demand and the pressure of constant demand for soft imports from India and Mainland China.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Chris Byrd
Email: [email protected]
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA