Cibi e Bevande
Palm Oil Market Currently Growing at a CAGR of 4.3 Percent, Says Beroe Inc
https://www.beroeinc.com/category-intelligence/palm-oil-market
Beroe, which is based in North Carolina , further stated that procurement experts can access this report on its recently launched market intelligence platform Beroe LiVE: live.beroeinc.com
An innovation in the palm oil industry is the production of palm-based mayonnaise. Soft oils such as palm oil are commonly used as salad oil in mayonnaise production. Palm olein, the liquid fraction of palm oil can be fractionated into oils with different iodine values. The normal palm olein (IV 56-58) is used for frying and is not suitable for mayonnaise or salad dressing as the end-product hardens during storage at refrigeration temperature. Higher IV (60-67) palm oleins are suitable both as a salad oil or for making salad dressing.
Based on Porter's Five Forces analysis, the palm oil suppliers have high power to influence the prices as they are large integrated players such as KLK, IOI, etc. There is no product differentiation and the industry operates on economies of scale, the barriers to new participants, and the intensity of a rivalry is medium to high.
Key Findings:
The research methodology adopted for the report included:
The Indonesian palm oil prices are expected to decrease by almost 4.5 percent by the end of 2019. High export demand with the revival in the palm supplies due to expected El-Nino conditions is expected to be the key price driver in the palm oil industry. However, the Malaysian crude palm oil prices are at an increasing trend even during the harvest months due to the affordable palm oil stocks.
The report also includes:
Beroe is the world's leading provider of procurement intelligence and supplier compliance solutions. We provide critical market information and analysis that enables companies to make smart sourcing decisions — leading to lower costs, greater profits and reduced risk. Beroe has been providing these services for more than 13 years and currently works with more than 10,000 companies worldwide, including 400 of the Fortune 500 companies.
To learn more about Beroe Inc., please visit: http://www.beroeinc.com
Debobrata Hembram
debobrata.hembram@beroe-inc.com
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