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  • What is RBD palm oil price trend?
  • RBD Palm Oil is a more refined and processed version of Palm Oil, so the price trend for RBD Palm Oil closely mimic the price trend for Palm Oil. Asia, especially countries like Indonesia, exports the majority of RBD Palm Oil to the world. So, the global RBD Palm Oil price trend are influenced substantially by the market trend in the Asian market.
  • Why did RBD palm oil have a low swinging price trend in Q1?
  • RBD Palm Oil observed mixed price trend throughout the first half of 2023. As Indonesia tried to promote exports, the export tariffs were eased, bringing down the overall upstream costs, and freight normalization also contributed to the trend. So, Q1 experienced low swinging price trend.
  • How is RBD palm oil made?
  • After the extraction of crude palm oil from the palm fruit, it is processed at mills, which is further refined and deodourised to finally obtain RBD Palm Oil. The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated.
  • What is RBD palm oil?
  • RBD Palm Oil stands for refined bleached deodourised palm oil. Palm oil refinery plants, in general, carry out physical refining, which involves three steps refining, bleaching (decolourisation) and deodourisation. These RBD Palm Oil have huge demand in the market due to its high quality as well as high durability.