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 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
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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 rising demand for palm oil in sectors such as food, cosmetics, and biofuels is creating a positive outlook for the market growth. Moreover, the increasing product versatility and low cost compared to alternatives like soybean or sunflower oil are bolstering the market growth. Besides this, the growing biofuel mandates that encourage the use of palm oil as a feedstock for biodiesel is anticipated to drive the market growth.
Additionally, the increasing environmental concerns, prompting stricter regulations around palm oil production, is contributing to the market growth. Furthermore, the growing population and increased consumption of packaged foods, boosting the use of palm oil in the food sector is contributing to the market growth. Apart from this, the growing trend towards renewable energy and sustainable agriculture is positively impacting the market growth.
Palm Oil Industry Analysis
During the last quarter, palm oil prices in Malaysia followed a downward trajectory. A key factor driving this shift was the ample supply available to meet the needs of sectors like biofuels, pharmaceuticals, and food processing. The heightened buying activities in the first month due to regional demand, especially from the biofuels sector, led to a price surge. However, the market faced a significant reversal in the later months, with prices dropping as buyers scaled back purchases. One of the primary reasons for this decline was the abundant stock levels both domestically and internationally, which dampened further demand.
Moreover, high inventory levels led traders to prioritize clearing out existing stock rather than making new purchases, particularly with rising storage costs adding pressure on margins. At the same time, alternative edible oils, like soybean oil, became more competitively priced, reducing the appeal of palm oil for domestic and international buyers. In addition, a rise in freight costs, compounded by ongoing trade disputes, made imports more expensive, further limiting trade activity.
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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