Palm Oil Price in Malaysia
- Malaysia: 810 USD/MT
In the fourth quarter of 2023, the price of palm oil in Malaysia reached 810 USD/MT by December.
The latest report by IMARC Group, titled "Palm Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of palm oil prices. This report delves into globally, presenting a detailed analysis, along with informative palm oil price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Report Offering:
- Monthly Updates: Annual Subscription
- Quarterly Updates: Annual Subscription
- Biannually Updates: Annual Subscription
The study delves into the factors affecting palm oil price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/palm-oil-pricing-report/requestsample
Palm Oil Price Trend- Last Quarter
The palm oil market is driven by a combination of rising global demand for edible oils, the versatility of palm oil in various industries, and its cost-effectiveness compared to alternatives. As a key ingredient in processed foods, cosmetics, and biofuels, palm oil's widespread use is fueled by growing populations and increasing consumption patterns, especially in emerging markets. The food industry relies heavily on palm oil for its stability, long shelf life, and cost-efficiency, making it a preferred choice over other vegetable oils.
Additionally, the push towards renewable energy sources has bolstered demand for palm oil in biodiesel production. Fluctuations in crude oil prices and changing dietary trends, including the shift towards healthier and more sustainable food options, also play a role in shaping the market, as consumers and companies seek alternatives that align with environmental and health considerations.
Palm Oil Industry Analysis
In the last quarter, palm oil prices in North America were influenced by a combination of supply and demand factors, leading to a downward trend across these regions. An initial price surge driven by strong demand from the biofuels sector was followed by a decline as key traders shifted to more competitively priced alternatives like soybean oil. Rising freight costs, trade disputes, particularly around the Red Sea, and high inventory levels in importing countries further pressured prices downward as demand weakened and exporters reduced prices to clear inventories.
Similarly, in the Asia-Pacific region, palm oil prices also declined due to oversupply and weaker-than-expected demand. Favorable post-El Niño conditions led to increased production, which the market struggled to absorb. Competition from alternative oils like soybean and sunflower oil, along with inflationary pressures and rising logistical costs, further dampened demand.
In China, a key market, falling crude oil prices shifted focus away from palm oil, exacerbating the price decline. Furthermore, palm oil prices in Europe mirrored the global trend, with rising inflation and currency depreciation increasing import costs and reducing demand. The narrowing price gap between palm oil and soy oil made palm oil less attractive, leading to reduced imports. Traders, faced with a weakening Euro and rising costs, opted to clear existing inventories rather than purchase new stocks. The preference for alternative edible oils in Europe further contributed to the bearish market, highlighting the challenges palm oil faces in maintaining its market share amidst shifting economic and consumer dynamics.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
