Expana proposes to launch additional Palm Oil Expana Benchmark Prices

Expana is proposing to launch daily Expana Benchmark Prices (EBP) for Indonesian Palm Fatty Acid Distillate (PFAD) and weekly EBPs for Palm Olein CFR China. Expana is collecting feedback on this proposal from market participants until Friday, June 6, 2025. 

If the industry supports this proposal, Expana suggests launching the weekly assessment on Thursday, June 26, 2025, and the daily assessment on Monday, June 30, 2025. 

The proposed specifications for the assessments would be as below:  

Assessment Name	Quality	Incoterm	Quantity	Currency	Unit	Publication Schedule
Palm Fatty Acid Distillate	Palm oil fatty acid distillate, Saponifiable Fatty Matter 95% min. (basis 97%), Moisture and impurities 1.00% max., FFA 70% min. Any origin, Expana Benchmark Prices (EBP)	FOB Indonesia	500 mt	USD	MT	EMEA, Daily
Palm Olein CFR India	Crude palm olein; 5% max FFA (as Palmitic); 0.25% max moisture and impurities, Any origin, Expana Benchmark Prices (EBP)	CFR India	500 mt	USD	MT	EMEA, Weekly, Thursday

  

The proposed assessments would reflect the transactable value at 16:00:00 London time.  

Palm oil and its derivative products, including palm olein, are among the most widely used vegetable oils globally, with India being a major consumer, accounting for approximately 12% of global palm oil consumption. Palm olein is primarily used in the food industry but also serves non-food purposes, such as its usage as a biodiesel feedstock and in the cosmetics industry. This assessment complements Expana’s comprehensive palm oil coverage, providing additional granularity and information for the global palm oil markets.  

Indonesia, along with Malaysia, is a key producer and exporter of palm oil and its derivatives, with Palm Fatty Acid Distillate (PFAD) being a critical component of the palm complex. The increasing global palm oil supply has led to higher availability of PFAD residue for various uses, including use as a renewable raw material in biofuel production. PFAD is also used for animal feed and in the oleochemical industry.  

If you have any feedback or suggestions on this proposal, please send this to [email protected] by Friday, June 6, 2025, and clearly state which market note your comments relate to, and if comments are intended for publication by Expana. 

Expana will acknowledge receipt of all comments by email.