Crude palm kernel oil is a variety of oil that is primarily extracted from palm seeds. It is a light yellow-colored oily compound that remains liquid at room temperature. It consists of two basic oil varieties, i.e., palm oil and palm kernel oil which are extracted from palm plants. It mainly comprises various fatty acids, including oleic, palmitic, and lauric. It has a high melting point that measures around 30° C and a boiling point that measures around 173° C. It is an unsaturated fatty acid composition that is mainly associated with the food manufacturing and oleochemical industries.
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The key importing countries that import Crude palm kernel oil are the Netherlands, Germany, and France. On the other hand, the key exporting countries include Germany, the Netherlands, and France.
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 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 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 Crude Palm Kernel Oil Price Trend:
Crude palm kernel oil is an oil variety that has a wide range of commercial applications that can be seen in various industrial domains, primarily in the food, cosmetics, and oleochemical manufacturing industries. The fatty acid composition is used in several industrial products, including soaps, food items, paints, and coating materials.
Food items such as mayonnaise, milk, infant, and confectionery products use palm kernel oil in their manufacturing procedures. Apart from that, Crude palm kernel oil is utilized in paint and coating materials production units, where it is used to develop printing inks, paints, and coatings that can be further applied in construction, printing, and painting activities. Moreover, it is used in producing cosmetics and personal care products such as soaps, shampoos, lotions, primers, compacts, and eye-makeup products on a large scale. The oil is also used in manufacturing industrial resins that are globally marketed.
Key Players:
- Cargill
- Incorporated
- United Palm Oil Industry Public Company Limited
- Wilmar International Ltd
- Sime Darby Plantation Berhad
- IOI Corporation Berhad
- Musim Mas Holdings Pt. Ltd
News & Recent Development
- Date: June 12. 2023- Dekel Agri-Vision company has reported an annual growth of around 5306 tonnes of crude palm oil production from 2167 tonnes in May this year at its Ayenouan palm oil project, Ivory Coast.
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