Palm oil price 2014 summary
Industry news / Chat on line / Give me a price / Date: February 20, 2016
Despite the obvious demand for the commodity, palm oil futures have been on a downward slope for the last five months.
Take a look at this monthly chart of the November futures contract to see what I mean. It’s now trading close to 12-month lows – after reaching an 18-month high in March.
2014 palm oil price
The recent uptick in palm oil production was, in part, due to early harvesting before plantation workers went on holiday.
Also, a key factor driving palm oil consumption is the escalating demand for biofuels. And Indonesia’s biodiesel mandate was raised in August 2013 to a minimum 10% biofuel in diesel from the previous 3% to 10% range. The mandate was doubled to 20% for the power industry.
All of these developments point to increased palm oil prices in the immediate future.
Take a look at this monthly chart of the November futures contract to see what I mean. It’s now trading close to 12-month lows – after reaching an 18-month high in March.
2014 palm oil price
Also, a key factor driving palm oil consumption is the escalating demand for biofuels. And Indonesia’s biodiesel mandate was raised in August 2013 to a minimum 10% biofuel in diesel from the previous 3% to 10% range. The mandate was doubled to 20% for the power industry.
All of these developments point to increased palm oil prices in the immediate future.
contact us
- QDo you want to buy machine?
- Yes, I want to buy machine.
- No, I want to learn more in advance.
- QWhat oil seeds do you want to process?
- Palm fruit
- Palm kernel/nut
- Peanut/Groundnut
- Soybean/Soya bean
- Sunflower seed
- Cottonseed
- Rapeseed/Canola
- Dried coconut
- Rice bran
- Corn germ
- More than two oilseeds:
- Other:
- QHow many tons palm fruit bunches will you process per day?
- 1-10 tons per day
- 10-30 tons per day
- 30-50 tons per day
- 50-100 tons per day
- QWhat machine do you want?
- Palm oil presser
- Other single machine (thresher, clarification tank, vibrating screen, filter...)
- Palm oil pressing line (from FFB to crude oil)
- Palm oil refining line (to produce refined, bleached, deodorized oil)
- Palm oil bottling / filling line
- QWhat machine do you want?
- Palm oil pressing line (from FFB to crude oil)
- Palm oil refining line (to produce refined, bleached, deodorized oil)
- Palm oil bottling / filling line
- QHow many tons oil seeds will you process per day?
- 1-20 tons per day
- 20-50 tons per day
- 50-100 tons per day
- QWhat machine do you want?
- Oil presser
- Other single machine (cracker, crusher, roaster, filter...)
- Oil pressing line (from seeds to crude oil)
- Oil refining line (to produce refined, bleached, deodorized oil)
- Oil bottling / filling line
- QWhat machine do you want?
- Oil presser
- Oil pressing line (from seeds to crude oil)
- Oil solvent extraction line
- Oil refining line (to produce refined, bleached, deodorized oil)
- Oil bottling / filling line
- QWhat machine do you want?
- Oil pressing line (from seeds to crude oil)
- Oil solvent extraction line
- Oil refining line (to produce refined, bleached, deodorized oil)
- Oil bottling / filling line
