Palm Kernel Market Overview in Brazil
In value terms, palm kernel production fell to $ in estimated in export prices. Over the period under review, production enjoyed moderate growth. The pace of growth was the most pronounced in 2016 with an increase of % y-o-y. Palm kernel production peaked at $ in 2014; however, from 2015 to , production remained at a lower figure.
The average yield of palm kernels in Brazil was estimated at kg per ha in , almost unchanged from the year before. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , approx. ha of palm kernels were harvested in Brazil; stabilizing at the year before. In general, the harvested area saw a relatively flat trend pattern.
The value of the palm kernel market in Brazil fell to $ in , standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. Palm kernel consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.