Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023 North America In the North American region,  Palm Kernel Oil (PKO) prices  exhibited a volatile market trend. Initially, at the onset of the third quarter of 2023, prices experienced an upswing despite moderate import activities and limited supplies from major exporters, notably Malaysia, a significant player in Palm Kernel Oil production. This disruption influenced the overall market trend until April 2023. As the third quarter progressed, prices globally underwent a significant decline due to sluggish regional trade activities and increased inventories in warehouses. Domestically, demand consistently decreased. Despite the Midwest's heatwave and drought potentially impacting Mississippi River levels crucial for US Palm Kernel Oil exports, the USDA maintained its import projection of about 25 million bushels. Similarly, exports remained unchanged for the month. Additionally, the FAO Vegetable Oil Price Index averaged 120.9 points in Septe...

For the Quarter Ending September 2023   North America In the North American region, the  Palm Kernel Oil (PKO)  market experienced notable volatility. Initially, at the onset of the third quarter in 2023, prices saw an upward trend despite modest import activities and restricted supplies from major exporters like Malaysia, a key player in Palm Kernel Oil production. This disruption had a lasting impact on the overall market trend until April 2023. As the third quarter unfolded, global prices witnessed a significant decline due to sluggish regional trade activities and rising inventories in warehouses. Domestic demand steadily decreased during this period. Despite the Midwest experiencing a heatwave and drought that could potentially affect Mississippi River levels crucial for US Palm Kernel Oil exports, the USDA maintained its import projection at around 25 million bushels. Exports remained unchanged for the month. Additionally, the FAO Vegetable Oil Price Index aver...

For the Quarter Ending June 2023 North America The  Palm Kernal Oil (PKO)  market in North America experienced a mixed trajectory during the second quarter. Prices initially rose as imports were moderate and supplies from exporting nations, notably Malaysia, were weak. This disrupted the market trend until April 2023. However, prices later fell globally due to weak regional trade activity and higher stocks in warehouses. Despite falling energy prices, the US still faced underlying inflation that exceeded the Federal Reserve's target rate. Domestic producers managed to meet local demand despite challenges posed by high inventory levels. However, food inflation in the US increased to 10.1% in May 2023. As the second quarter concluded, Palm Kernal Oil prices stabilized in the United States, with moderate demand from the domestic market balanced out by overall supplies from merchants. Asia Pacific In the Asia Pacific region, the price trajectory of Palm Kernal Oil (PKO) showed flu...

For the Quarter Ending June 2023 North America: In the North American region,  Palm Kernel Oil (PKO) prices  experienced a diverse market trajectory. The initial months of the second quarter saw a continued rise in prices. Importing activity maintained a moderate pace, while supplies from exporting nations, particularly Malaysia, a key player in PKO exports, remained weak. This disruption influenced the overall market trend until April 2023. As the middle of Q2 approached, global prices of PKO witnessed a considerable decline. This drop was attributed to sluggish regional trade and increased stocks in warehouses. Economists and business experts noted a decrease in the US inflation rate. Despite lower energy prices, underlying inflation remained noteworthy, surpassing the Federal Reserve's target. Despite challenges, domestic producers with substantial inventories managed to meet local demands. Nevertheless, food inflation in the US surged to 10.1% in May 2023 from 8.6% in Apri...