Palm Oil Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis
The palm oil will grow at a CAGR of 3.42% during 2020-2024. Prices will increase by 2%-5% during the forecast period and suppliers will have a Moderate in this market. Cargill Inc., Wilmar International Ltd., Bunge Ltd., IOI Corp. Berhad, Golden Agri-Resources Ltd., The Nisshin OilliO Group Ltd., Olam International Ltd., Kuala Lumpur Kepong Berhad, Sime Darby Berhad, and Noble Group Holdings Ltd. are among the prominent suppliers in palm oil market.
Who are the Top Suppliers in the Palm Oil Market?
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Leading global suppliers can assist buyers in realizing high-cost savings through their efforts on areas such as horizontal integration, supplier synergies, reducing total ownership cost, conference participation, managing commodity price volatility, negotiate on pricing and contractual terms, reduction in ad-hoc spend, adoption of automation, and quality management. Collaborations with global suppliers will also help buyers in cost-saving and ensuring high-quality procurement in the dynamic market.
This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their palm oil requirements. Some of the leading palm oil suppliers profiled extensively in this report include:

Cargill Inc.
Wilmar International Ltd.
Bunge Ltd.
IOI Corp. Berhad
Golden Agri-Resources Ltd.
The Nisshin OilliO Group Ltd.
Olam International Ltd.
Kuala Lumpur Kepong Berhad
Sime Darby Berhad
Noble Group Holdings Ltd.

Supplier Selection and Evaluation
Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in palm oil.
This report evaluates suppliers based on certification, technological capabilities, quality requirements, and logistics capabilities. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, legal requirements, quality control, change management procedures, pricing models, penalty clauses, sla nuances, acceptance criteria, and evaluation criteria.
What are the Major Pricing Trends in Palm Oil Procurement?
The pressure from substitutes and a moderate level of threat from new entrants has resulted in the Moderate bargaining power of suppliers. This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for palm oil with the wider industry and identify the cost-saving potential.
spot pricing, volume-based pricing, and market pricing are the most widely adopted pricing models in the palm oil. Each pricing model offers optimum benefits and fitment in specific situations. Buyers should identify the model that suits their operations in the best manner and link supplier performance to the pricing models.