The Malaysian Palm Oil Council predicts price stability for palm oil this year at $ 565 per ton.

The forecast was made even taking into account the possible increase in world production of the product in 2019 by 3 million tons to 72 million tons. Worldwide export deliveries of the product can grow by 0.5 million tons and reach the level of 15.15 million tons, of which over 10 million tons purchases India.

It should be noted that palm oil has gained wide popularity due to its unique properties.

It is cheaper. An unpretentious palm tree that does not need fertilizers can bear fruit for 17-20 years, and it can be harvested three times a year.

There are no transisomers harmful to humans, which are dangerous by provoking atherosclerosis and the occurrence of blood clots.

Universally applicable. In cooking, palm oil is used in cooking, as a base ingredient for the manufacture of margarine, ice cream, a variety of confectionery products, as well as in the production of instant foods. In addition to culinary production, the oil is widely used in the production of household chemicals and cosmetics. And recently, raw materials are widely used as industrial lubricants and biofuels.

Rich in trace elements and vitamins. Palm oil has a balanced composition of fatty acids, 50% saturated, 40% monounsaturated and 10% polyunsaturated. And the trace elements contained in the product are valuable to the body for its antioxidant properties. Plus, there is no cholesterol in palm oil and it is perfectly absorbed by the human body.

Longer shelf life than other vegetable oils, which has a positive effect on the shelf life of products containing palm oil.