In Q1 2023, Asia saw oleic acid prices fall due to cheaper cooking and edible oils, driven by Malaysian regulations and a weaker market outlook. However, prices rebounded in Q2 due to increased costs of raw palm and edible oils, reduced sunflower oil supply from Russia, lower inventories, and Asia’s economic growth. In Europe, initial oleic acid price drops were due to low material costs and supply chain disruptions, but prices surged in Q2 due to higher local demand, dwindling inventories, and increased international interest. Likewise, North America experienced similar trends with rising demand and fluctuations in feedstock prices.
Request for Real-Time Oleic Acid Prices: https://www.procurementresource.com/resource-center/oleic-acid-price-trends/pricerequest
Definition
Oleic acid (C18:1) is a crucial omega-9 monounsaturated fatty acid that supports cellular function and energy storage. It’s present in fats and oils such as olive and canola oil, contributing to heart health due to its fluidity at room temperature. Oleic acid helps create stable triglycerides and is involved in lipid metabolism. Its versatility affects the texture and stability of various products, including food and cosmetics.
Key Details About the Oleic Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Oleic Acid in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Oleic Acid Price forecast, including India Oleic Acid price, USA Oleic Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Oleic Acid Price Trend:
Oleic acid, a monounsaturated omega-9 fatty acid, has various industrial uses. It’s crucial in the food industry for cooking oils, margarine, and spreads, enhancing flavor and shelf life, and as an emulsifier in processed foods. It’s also a key ingredient in cosmetics and personal care products due to its moisturizing properties. Additionally, it serves as a valuable feedstock for making surfactants, lubricants, and biodiesel, offering versatility and positive effects on texture, stability, and health in industrial applications.
Key Players:
- Eastman Chemical Company
- Berg + Schmidt GmbH & Co. KG
- Emery Oleochemicals Sdn Bhd
- Wilmar International Limited
- White Group Public Co Ltd
- Godrej Industries
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Christeen Johnson
Email: [email protected]
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
