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Blog

Palm kernel oil spot prices hit 2-year high

Alexandra Watts | 07.25.2024

Refined, bleached and deodorized (RBD) palm kernel oil prices in the US have increased sharply over the last few weeks, reaching a level not seen in around two years.

The rally in palm kernel oil prices has been attributed to tighter supply amid robust demand from the food and oleochemical industries, market sources said.

On Thursday July 25, Fastmarkets assessed palm kernel oil, RBD, fob US NY/NOLA at $0.70-0.71 per lb. The price is up by 5% week on week, by 13%...

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Palm kernel oil spot prices hit 2-year high

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