For the Quarter Ending December 2022
North America
In North America, due to a decline in demand from downstream industries, the price of Palm Oil declined in the fourth quarter of 2022. Due to the lifting of the prohibition on Indonesian Palm Oil exports during the first half of Q4 2022, product prices declined. Countries in the Asia Pacific, especially Indonesia and Malaysia, are where North American nations import their Palm Oil. Due to an abundance of inventory in its local market, the product's price was reduced in the second half of Q4 of 2022. The abrupt lifting of the embargo from Indonesia led to sustained demand from the downstream sectors and a decrease in the price of the product. Towards the end of Q4 2022, the price of Palm Oil was recorded to be USD /MT for the USA in September 2022.
Asia Pacific
In the Asia-Pacific countries, the price of Palm Oil fluctuated throughout the Q4 of 2022, owing to the unstable market sentiments toward Palm Oil. During the first half of 2022 Q4 In China, the market for palm oil continued to decline, which helped to maintain the falling prices. Following Indonesia's reduction of its export tax, the largest producer of Palm Oil in the world, the price of palm oil in Malaysia's futures market has been falling. Domestic Palm Oil futures have fallen along with the market due to this. Prices fell in the second month of the quarter, supported by substantial domestic market inventories. The price rose in the second half of Q4 of 2022 due to increased demand from end-user industries. Towards the end of Q4 2022, the price of Palm Oil was recorded to be USD 1150/MT for FOB Shenzhen, China, in December 2022.
Europe
In Europe, the price of Palm Oil fell throughout the fourth quarter of 2022, supported by the product's lower price in the months that followed the fourth-quarter period. Prices fell in the first half of Q4 of 2022 because of lagging consumer confidence in the domestic market. There were no supply interruptions in its local market because of huge stocks. Prices were lowered in the second half of Q4 of 2022, supported by Indonesia easing its export ban, which had no long-term effects on the European region. However, because there was little demand and plenty of supply in the European nations, prices once more began to decline. Towards the end of Q4 2022, the price of Palm Oil was recorded to be USD /MT for Rotterdam Netherlands in September 2022.
For the Quarter Ending September 2022
North America
In North America, due to a decline in demand from downstream industries, the price of Palm Oil declined in the third quarter of 2022. Due to the lifting of the prohibition on Indonesian Palm Oil exports during the first half of Q3 2022, product prices declined. Countries in the Asia Pacific, especially Indonesia and Malaysia, were where North American nations imported their Palm Oil. Due to an abundance of inventory in its local market, the product's price was reduced in the second half of Q3 of 2022. The abrupt lifting of the embargo from Indonesia led to sustained demand from the downstream sectors and a decrease in the price of the product. Towards the end of Q3 2022, the price of Palm Oil was recorded to be USD1590/MT for the USA in September 2022.
Asia Pacific
In the Asia-Pacific countries, the price of Palm Oil decreased throughout the Q3 of 2022, owing to the decreased demand in the market sentiments toward Palm Oil. In the first half of Q3 of 2022 In China, the prices decreased, and it was supported by the market for palm oil, which continued to fall. The price of palm oil in Malaysia's futures market has been declining after Indonesia, the world's largest producer of Palm oil reduced its export tax. This has caused domestic palm oil futures to decline along with the market. The mainstream quotation dropped as the market kept falling. In the second half of Q3 of 2022, the prices decreased, backed by high inventories in its domestic market. Towards the end of Q3 2022, the price of Palm Oil was recorded to be USD 1100/MT for FOB Shenzhen, China, in September 2022.
Europe
In Europe, the price of Palm Oil fell throughout the third quarter of 2022, supported by the product's lower price in the months that followed the third-quarter period. Prices fell in the first half of Q3 of 2022 because of lagging consumer confidence in the domestic market. There were no supply interruptions in its local market because of huge stocks. Prices were lowered in the second half of Q3 of 2022, supported by Indonesia easing its export ban, which had no long-term effects on the European region. However, because there was little demand and plenty of supply in the home market in European nations, prices once more began to decline. Towards the end of Q3 2022, the price of Palm Oil was recorded to be USD 1040/MT for Rotterdam, the Netherlands, in September 2022.
