Palm Kernel oil is an edible oil variety that is extracted from palm seeds. The oil is extracted from the kernel and has excellent creaming properties, which allows it to hold air and is used in making cream or icing, which provides a very smooth texture and look in baked food items. The oil is classified as lauric oil due to the presence of lauric acid. It mainly comprises short-chain fatty acids and triglycerides molecules, and its melting point is marked around 28° C, whereas its boiling point is marked around 300° C.
Palm Kernel oil has a wide scale of applications mainly associated with cooking, baking, and various culinary activities. It also shows its incorporation in the cleaning products, pharmaceutical, and cosmetics industries.
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The key importing countries that import 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 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 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 Palm Kernel OIL Price chart, including India Palm Kernel OIL price, USA 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 Palm Kernel OIL Price Trend:
Palm Kernel oil is an oil variety that has various applications in the commercial sector, including culinary or cooking, food manufacturing, pharmaceutical, cosmetics, cleansing products manufacturing, and more. Palm Kernel oil is utilized as a raw material in the production process of several confectioneries, cakes, pastries, candies, sauces, sweets, chocolates, and more. It produces commercial cleaning products, including soaps, detergents, and surfactants.
Additionally, it is used in the cosmetics sector to manufacture makeup items such as moisturizers, lotions, creams, foundations, sunscreen lotions, balms, sprays, etc. It is often used in the production of biofuels and is eco-friendly as well as non-toxic in nature. It doesn’t emit carbon dioxide on burning and contributes towards building a green environment. Petrochemicals such as grease that are used by the metal industries as a lubricant are also produced using Palm Kernel oil.
Key Players:
- Cargill
- Incorporated
- Wilmar International Ltd
- BASF SE
- Bunge Loders Croklaan (Bunge Limited)
- Natures Natural India
- IOI Corporation Berhad
News & Recent Development
- Date: April 26, 2023-The Ace edible oil company plans to sell its Palm Kernel oil plant spread over 19,549 sq m in Kapar Klang for 23.4 million.
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