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:
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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 influenced by the rising demand for edible oils in various culinary applications. Changing dietary habits of individuals is catalyzing the demand for palm oil. It is also a key ingredient in numerous non-food products like cosmetics, detergents, and biofuels. It is cost-effective as compared to other vegetable oils like soybean and sunflower, making it a preferred choice for manufacturers. Palm oil’s higher yield per hectare than other oil crops make it an attractive option for producers, ensuring a steady supply to meet rising demand. Environmental factors are encouraging manufacturers to produce sustainable palm oil, driven by consumer awareness and regulatory pressures.
Palm Oil Industry Analysis
Throughout the fourth quarter of 2023, palm oil prices in North America exhibited a mixed pricing trajectory characterized by a significant decline in October, followed by an increase in November and a subsequent sharp drop as December ended. In October, palm oil prices experienced a noteworthy and substantial decrease on account of the surplus of palm oil in the domestic market. Moving into November 2023, palm oil prices took on a contradictory trajectory, showing a positive upward trend throughout the month. This increase was propelled by a slight improvement in downstream purchasing activity from the domestic sector and an optimistic market outlook.
In the Asia Pacific region, the palm oil market in Q4 of 2023 experienced a decline in October, rebounded in November and then dropped again as December concluded. As of October 2023, palm oil costs decreased, accompanied by a surplus inventory buildup. Moving into November 2023, product prices significantly increased in the Malaysian market compared to the previous month. Slowing exports due to reduced offtakes from key importing nations were observed in December 2023.
Furthermore, throughout the final quarter of 2023 in Europe, palm oil prices experienced a significant drop in October. The main factor behind this decline was the abundant supply of palm oil in the domestic market. In November, there was a modest uptick in palm oil inquiries driven by a moderate improvement in consumer sentiments within the domestic market. However, as December 2023 unfolded, a notable decrease in prices caught the attention of industry players and analysts, indicating a weakened trend.
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.
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