URL: https://www.chemanalyst.com/Pricing-data/palm-kernal-oil-1527

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 averaged 120.9 points in September, indicating a 5.0-point (3.9 percent) decrease from August. This decline was fueled by lower world prices across palm, soy, and rapeseed oils. International palm oil prices continued to decrease, primarily due to heightened production in major Southeast Asian countries and weakened consumption.

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