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In North America, due to an unstable market for demand from downstream industries, the Palm Oil Prices fluctuated in the first quarter of 2023. Product prices decreased because of the ease of supply from Indonesian palm oil producers during the first part of Q1 2023. The majority of the palm oil imported by North American countries comes from nations in the Asia Pacific, particularly Indonesia, and Malaysia. In the first half of Q1 2023, the product's price decreased because of excess inventory in its local market. Even so, prices rose in the final month of the quarter as a result of a decline in imports from important exporting nations, particularly Indonesia, as Ramadan approached. The abrupt easing of the Indonesian ban resulted in continued demand from the downstream industries and a drop in the product's price.

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