Global Palm Oil Category - Procurement Market Intelligence Report
About Palm Oil
Palm oil has become increasingly popular among food companies due to its economical nature and cost-effectiveness when compared to other vegetable oils. This can be attributed to the production process of palm oil, which involves simple steaming and pressing with relatively limited use of expensive solvents for extraction compared with other vegetable oils. The use of palm oil as a refined oil requires only mild additional processing compared with full refining required in case of other oils, lowering the overall production costs of palm oil.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Palm Oil Market. Its helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
SpendEdge’s report, Global Palm Oil Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
SpendEdge Announces the Publication of its Procurement Research Report – Global Palm Oil Category - Procurement Market Intelligence Report 2017-2021.
SpendEdge recognizes the following companies as the key suppliers in the Global Palm Oil Category - Procurement Market Intelligence Report: Wilmar, Sime Darby, Golden Agri-Resources, Indofood Sukses Makmur, and Kuala Lumpur Kepong.
Commenting on the report, an analyst from SpendEdge said: “Buyers must gain greater visibility over the complete palm oil supply chain right from the direct suppliers to farms and plantations to ensure that there is no deforestation involved.”
According to the report, Palm oil has become increasingly popular among food companies due to its economical nature and cost-effectiveness when compared to other vegetable oils.
Further, the report states that a major challenge faced by buyers in the palm oil market is the inadequate supply in seasonal and potentially volatile commodity markets.
Wilmar, Sime Darby, Golden Agri-Resources, Indofood Sukses Makmur, Kuala Lumpur Kepong
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