palm oil production line price jiji in johannesburg

                                               
                                               
                                               
                                               
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  • How are palm oil prices displayed in trading economics?
  • The Palm oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
  • What factors affect the price of palm oil?
  • There are various factors influencing the price of palm oil, for example: As with any plant-based oil, supply and demand play a key role in determining the price of palm oil. Most of the global supply of palm oil comes from Indonesia and Malaysia. Government policies in these two countries can heavily affect the price of palm oil.
  • How much oil does a palm tree produce?
  • Palm trees produce 5 to 10 times as much oil as other oil seed crops. History has it that the oil palm originated from West Africa, where palm oil was used as a staple food crop and as cooking oil, about 5 000 years ago. It is believed that Arab traders had introduced palm oil to the Egyptians.
  • What is palm oil used for?
  • Palm oil has several applications including cooking, lubricants, candle-making, cosmetics, and can even be eaten prior to being crushed. The price of palm oil fluctuates based on supply, weather, competing oils, environmental concerns, and biofuel demand.