The oleic acid price index in Asia experienced fluctuations in the first quarter of 2023, primarily driven by decreasing cooking and edible oil costs, influenced by Malaysian regulations, and weakened market sentiment. However, prices rebounded in the second quarter due to increased raw palm and edible oil costs, coupled with reduced sunflower oil supply from Russia and lowered inventories. Asia’s growing economy further bolstered prices.
In Europe, the oleic acid price index initially declined due to low material costs and disrupted supply chains. However, prices surged in Q2 with rising domestic demand, depleted inventories, and heightened international inquiries. Similarly, North America witnessed similar trends in the oleic acid price index, reflecting rising demand and feedstock price fluctuations.
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Definition
Oleic acid, a monounsaturated omega-9 fatty acid (C18:1), is essential for cellular function and energy storage. It’s found in various fats and oils like olive and canola oil. Its fluidity at room temperature, attributed to a single double bond, benefits heart health. Oleic acid forms stable triglycerides and plays a role in lipid metabolism. It’s known for its versatility, influencing texture and stability in products from food to 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 chart, 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, an essential monounsaturated omega-9 fatty acid, plays a pivotal role in various industrial applications. Within the food industry, it serves as a crucial component in cooking oils, margarine, and spreads, enhancing both flavor and shelf life. Additionally, it functions as an emulsifier and stabilizer in the manufacturing of processed foods. In the realm of cosmetics and personal care, its moisturizing properties render it indispensable in the formulation of creams, lotions, and soaps. Furthermore, oleic acid holds industrial significance as a fundamental feedstock for producing a myriad of derivatives, including surfactants, lubricants, and biodiesel. Its versatile attributes, coupled with its beneficial effects on texture, stability, and health, contribute to its extensive utilization across various industrial sectors.
Key Players:
- Eastman Chemical Company
- Berg + Schmidt GmbH & Co. KG
- Emery Oleochemicals Sdn Bhd
- Wilmar International Limited
- White Group Public Co Ltd
- Godrej Industries
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