RBD Palm Oil, a more refined variant of Palm Oil, mirrors its price trends closely. Asia, led by Indonesia, majorly exports RBD Palm Oil globally, shaping international price dynamics. In H1 2023, RBD Palm Oil witnessed mixed trends.
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Indonesia’s export tariff easing, and freight adjustments impacted upstream costs, causing Q1 fluctuations, followed by controlled Q2 exports for domestic stability, resulting in minimal upward pressure. Overall, narrow price fluctuations maintained subdued market sentiments.
Definition
RBD Palm Oil stands for “Refined, Bleached, and Deodorized Palm Oil.” It is a processed and purified form of palm oil obtained from the fruit of the oil palm tree. Through refining, bleaching, and deodorizing processes, impurities and odor are removed, resulting in a clear and stable oil suitable for various culinary and industrial applications.
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 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 forecast, 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 the RBD Palm Oil Price Trend:
RBD Palm Oil finds widespread industrial applications due to its refined quality. It is utilized extensively in food production, including baking, frying, and food processing. Additionally, RBD Palm Oil is employed in the manufacturing of cosmetics, toiletries, and personal care products. Its stability, neutral flavor, and versatile properties make it a valuable ingredient in various industries.
Key Players:
- AMG International Ltd
- Sime Darby Plantation Berhad
- IOI Corporation Berhad
- Musim Mas Holdings Pt. Ltd
- Farmimex (H.Y. Hammad Yousuf Companies)
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