Palm kernel oil prices expected to rise in July in Malaysia, Indonesia and Thailand, experts say

Market analysts are forecasting an increase in Palm Kernel Oil prices for the upcoming months, citing several factors influencing the commodity’s supply and demand dynamics. This anticipated price rise for Palm Kernel Oil comes amid challenging planting conditions in key producing nations, including Malaysia, Indonesia, and Thailand. Industry experts point to a combination of weather-related issues, labor shortages, and global economic factors as the primary drivers behind the expected price surge for Palm Kernel Oil. One of the main concerns is the impact of irregular weather patterns on palm oil plantations. Malaysia, accounting for the world’s second-largest palm oil and Palm Kernel Oil producer, has experienced unusually dry conditions in several key growing regions. This prolonged dry spell has affected palm fruit yields and is expected to result in lower oil extraction rates. Similarly, parts of Indonesia, the largest global producer, have faced excessive rainfall, leading ...