Oleic Acid Prices Today, Price Chart and Forecast Analysis | Procurement Resource from Christeen Johnson's blog

During the initial months of 2023, oleic acid prices in Asia felt the effects of declining cooking and edible oil expenses, primarily influenced by regulatory shifts in Malaysia and a downturn in market confidence. Nevertheless, a resurgence occurred in the following quarter driven by increased costs of raw palm and edible oils, compounded by diminished sunflower oil supply from Russia and reduced stockpiles. The thriving economy in Asia also played a role in strengthening prices. In Europe, oleic acid prices initially fell due to low material expenses and supply chain disruptions. However, by the second quarter, prices surged due to escalating domestic demand, dwindling inventories, and heightened global interest. Similar patterns were observed in North America, mirroring increased demand and fluctuations in feedstock prices.

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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 trends, 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, serves a multitude of roles across various industries. Within the food sector, it acts as a crucial element in cooking oils, margarine, and spreads, enhancing both taste and product longevity. Its function extends to being an emulsifier and stabilizer in the creation of processed foods. In the realm of cosmetics and personal care, oleic acid's moisturizing attributes position it as a fundamental component in creams, lotions, and soaps. Furthermore, its industrial importance lies in being a foundational material for manufacturing diverse derivatives such as surfactants, lubricants, and biodiesel. Its versatility, coupled with its positive effects on texture, stability, and health, underpin its extensive usage across industries.

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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