RBD Palm Oil (Refined, bleached, and deodorized palm oil) is an edible oil that looks colourless and transparent in appearance when in a solid state and looks light yellow in a semi-solid state.
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The oil is produced by various processors like refining, decolourization and deodorization to change from its crude state. It is refined at a refinery facility and can also be processed to obtain palm olein and palm stearin.
The leading exporters of RBD palm oil are Indonesia and Malaysia, and its largest importers are Pakistan, The United States, and Vietnam.
Key Details About the RBD 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 RBD 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 RBD Palm Oil Price chart, including India RBD Palm Oil price, USA RBD 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 RBD Palm Oil Price Trend:
The demand for RBD palm oil is mainly dependent on the oils used for obtaining palm olein and palm stearin. In addition, the oil has wide application in the food and beverage industry, where it is used in many snack items, ice creams, salad dressings, and baked products which is propelling its demand for word. Hence, lifestyle changes such as rising demand for ready-to-eat food products, the prevalence of snacking, growing disposable income, and constant launches of new products in the market are all factors that will contribute to the growth of the market.
Key Players:
- AMG International Ltd
- Usha Edible Oil International Pte,Ltd
- Sime Darby Plantation Berhad
- IOI Corporation Berhad
- Musim Mas Holdings Pt. Ltd
- Farmimex (H.Y. Hammad Yousuf Companies)
News & Recent Development
- June 01, 2023- India cuts the base import price of RBD palm oil from USD 1,020 TO USD 984.
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