20 May 2013 09:09 [Source: ICIS news]
SINGAPORE (ICIS)--Price discussions of India’s locally produced 80/20 blend soap noodles containing 80% palm fatty acid distillate (PFAD) rose by around 8% week on week because of higher feedstock costs, industry sources said.
Local PFAD prices rose by Indian rupees (Rs) 3/kg ($53/tonne) to Rs39-40/kg EXW (ex-works) from the previous week because of tight availability.
Because of the rising raw material PFAD costs, soap noodle producers have also raised their selling ideas to around Rs50/kg EXW.
Buyers were willing to accept the higher soap noodle prices because of good demand for their finished products – soap bars.
According to ICIS data on 17 May, local soap noodle prices in India rose by Rs4/kg to Rs48-50/kg EXW.
($1 = Rs54.89)
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