Palm Oil
Palm oil is an edible vegetable oil derived from the fruit of oil palm trees called Elaeis guineensis. Nearly 85% of the production of Palm oil is contributed by only two countries i.e. Indonesia – largest producer (contributing 60% of global production) and Malaysia (20%) with the rest being sourced from Thailand, Columbia and Nigeria. The versatility of palm oil in both food and non-food industries, such as cosmetics and biofuels, makes it a sought-after commodity worldwide. It is colourless, odourless, resistant to oxidation, and stable at high temperatures while offering a longer shelf life to products. As a result, palm oil is widely utilized for cooking, frying, and sauteing food products across the globe. Palm oil is a highly efficient crop, producing a significant yield of oil per unit of land, making it a preferred choice for many industries including cosmetics, detergents, and biodiesel.
Palm Oil – The Opportunity
The rising versatility of Palm oil and wide product application, rapid population growth leading to a larger consumer base, significant economic development across economies fuelling industrial output, increasing urbanisation in emerging markets i.e. India and China and cost effectiveness of palm oil are some of the major factors propelling the market for Palm Oil.
The use of Palm oil in production of biodiesel is seen as another potential factor fuelling the demand of Palm oil and related products. Unlike fossil fuels, which are finite and contribute to greenhouse gas emissions, Palm oil can be sustainably produced and processed into biodiesel. Considered a renewable resource, Biodiesel provides countries with an alternative source of energy, reducing their dependence on imported petroleum products and enhancing energy security, hence, leading to increased demand for Palm oil as a trading commodity.
Why Agrilink?
Agrilink provides access to various financial markets and exchanges across Russia, EU, Argentina and Asia for trading in Sunflower Oil. Our global and local market intelligence give us extensive sourcing capabilities and trading opportunities to be applied at every step of the way on reaching our client’s goals and expectations.
Reach out to Agrilink for best offer on price & quality and to assist you with customised trading opportunities and solutions.