CATEGORY

Palm oil

Global palm oil supplies have been witnessing a steady growth in the recent past. It is the widely consumed vegetable oil in the world driven by the Asian demand, India is the major palm oil consuming country for food applications.

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Category Alerts


CATEGORY ALERTS

Palm Oil output in June month estimated to be higher

June 28, 2022
alert level: Medium
CATEGORY ALERTS

India has cut base import prices of crude and refined palm oil, crude soybean oil.

October 05, 2022
alert level: High
CATEGORY ALERTS

Indian palm oil imports in Sep 2022 at a yearly high.

October 06, 2022
alert level: Medium

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Palm oil Market Monitoring Dashboard


Price Trend
1692.13
Nov-2022
USD/MT
History Forecast
Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Palm oil Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Palm oil category is 7.00%

Payment Terms

(in days)

The industry average payment terms in Palm oil category for the current quarter is 120.0 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Palm oil Suppliers


    3,776
    Total Suppliers
    101
    Diverse Suppliers
    100
    Normalized Supplier Rating
    Palm oil Supplier

    Find the right-fit palm oil supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Givaudan
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    49

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    49
    Social
    45
    Governance
    56
    6 Domains Performance (/100)
    Business behaviour
    45
    Human rights
    46
    Community Environment
    29
    Corporate governance
    70
    Human resources
    42
    Security Scorecard
    79

    Threat indicators
    C
    75
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    F
    53
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    D
    66
    Application Security
    Detecting common website application vulnerbilities
    A
    100
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    C
    77
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    givaudan.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    1
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    1
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    0
    Fraud Issues
    0
    Labor Health Safety Flags
    2
    Regulatory Issues
    0
    Workforce Disputes
    2
    Sanctions
    0
    esg energy transition
    60
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Palm oil market frequently asked questions


    As per the global palm oil market analysis report by Beroe, Indonesia leads the pack with 55% of the global production, followed by Malaysia with 30%. Further, Thailand produces 3% of palm oil while Nigeria and Colombia produce 2% each.

    The global palm oil production was expected to climb from 64.5 MMT (Metric million tons) to 68.4 MMT in 2019 at 4.3% CAGR owing to rising demand from countries such as Indonesia, Malaysia, Thailand, India, and China. The average monthly consumption of palm oil was anticipated to remain at 5.7'5.8 MMT in 2019. Furthermore, the palm oil report reveals that palm oil stock levels, as well as overall palm oil market share, are expected to increase in the near future.

    As per Beroe's industry analysis and research, prices of the palm oil and contract structures are decided by distributors using MPOB and N.W Euro crude palm oil futures and adding the basis and freight expenses. The basis is the difference between cash and futures costs. The profit margin fixed by the purchasers is based on the time of purchasing and selling. The palm oil price in Indonesia was $622 per MT while the price in Malaysia was $632 per MT. The palm oil report further suggests that the price of palm oil will increase due to a decrease in production.

    The global palm oil market is majorly driven by increasing demand from food applications, followed by industrial use cases such as biodiesel manufacturing. The projected global consumption of palm oil in the biodiesel industry in 2017 climbed from 8.77 MMT to 9.53 MMT, up by 9'10% compared to the previous year. Experts reckon that the palm oil demand is likely to escalate in various industries.

    Palm oil market report transcript


    Supply of palm oil is estimated to decline in 2019–2020, due to poor and average rainfall, leading to lower yields

    Yield of FFB is estimated to decline by >1.5 percent in April/June 2020, leading to tight supplies

    Palm Oil Global Demand & Size by Application

    • The global palm oil demand witnessed a steady increase in the recent decade, due to increasing demand from the food industry

    • The main demand for palm oil is for food application, followed by industrial use, which is for biodiesel manufacturing

    • Globally, the estimated use of palm oil in the bio-diesel industry in 2017 increased by 9–10 percent to 9.53 MMT from 8.77 MMT the previous yea

    • According to experts, the palm oil demand forecast indicates that there is likely to be an increase in demand due to continuous use of palm oil in various industries.