palm kernel oil palm kernel oil supply in america

   
palm kernel oil palm kernel oil supply in america
                                               
                                               
                                               
                                               
  • palm kernel oil palm kernel oil supply in america
What is the global palm kernel oil market size in 2023?

The global palm kernel oil market witnessed a CAGR of 3.5% in the historical period of 2016-2020 to attain a volume of 9.43 million metric tons in 2023. The United States market for palm kernel oil is expected to witness healthy growth in the forecast period.

How did the palm kernel oil market perform in July?

July saw the palm kernel oil (PKO) market remaining optimistic. One of the factors impacting Palm Kernel oil prices was the consistent rise in demand combined with low stocks. Furthermore, the market remained elevated due to increased production of raw materials like palm fruit kernel required for palm kernel oil, observed in recent months.

Why did palm kernel oil prices rise in 2023?

In the North American region, Palm Kernel Oil (PKO) prices displayed a volatile market trend. Initially, at the beginning of the third quarter of 2023, prices rose despite moderate import activities and limited supplies from major exporters such as Malaysia, a significant player in Palm Kernel Oil production.

Why is the palm kernel oil industry growing?

The palm kernel oil industry is projected to rise in the forecast period, owing to increasing biodiesel use in vehicles due to its affordability and environmental friendliness as compared to other fuels.