As of December 2024, the average monthly price for crude palm oil in Malaysia was approximately 5,120 Malaysian ringgit per metric ton, an increase compared to the same period in the previous year. The average price of Malaysian crude palm oil has been increasing in that year.

Palm Oil rose to 4,474 MYR/T on September 2, 2025, up 2.22% from the previous day. Over the past month, Palm Oil's price has risen 6.88%, and is up 13.76% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil - values, historical data, forecasts and news - updated on September of 2025.

In 2024, the production volume of crude palm oil in Malaysia amounted to approximately ***** million metric tons, an increase from around ***** million metric tons in the previous year. Malaysia is the second-largest producer of palm oil globally, after Indonesia.

Malaysia Crude Palm Oil Price: Local Delivery: Mo Wt Avg: 2M Forward data was reported at 2,128.000 MYR/Ton in Oct 2018. This records a decrease from the previous number of 2,136.000 MYR/Ton for Sep 2018. Malaysia Crude Palm Oil Price: Local Delivery: Mo Wt Avg: 2M Forward data is updated monthly, averaging 1,951.250 MYR/Ton from Jan 1994 (Median) to Oct 2018, with 298 observations. The data reached an all-time high of 3,784.500 MYR/Ton in Jan 2011 and a record low of 731.000 MYR/Ton in Feb 2001. Malaysia Crude Palm Oil Price: Local Delivery: Mo Wt Avg: 2M Forward data remains active status in CEIC and is reported by Malaysian Palm Oil Board. The data is categorized under Global Database’s Malaysia – Table MY.P002: Palm Oil Price.

Crude Palm Oil (CPO) Market Outlook

In 2023, the global market size of Crude Palm Oil (CPO) was estimated at approximately $70 billion and is projected to reach around $130 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5%. This growth is primarily driven by the increasing demand for biofuels and the expanding food industry, which are significant consumers of crude palm oil. Additionally, the versatility of CPO in various industries, such as personal care and industrial applications, further propels market expansion.

The growth of the CPO market can be attributed to several key factors. Firstly, the burgeoning global population has escalated the demand for food products, leading to a rise in the consumption of palm oil in the food industry. Palm oil is a staple in many processed foods due to its stability and cost-effectiveness. Secondly, the global push towards renewable energy sources has significantly increased the demand for biofuels, with palm oil being a major feedstock for biodiesel production. Government policies and incentives promoting biofuels have further catalyzed this demand, particularly in regions like Europe and North America.

Another significant growth factor is the increasing utilization of crude palm oil in the personal care industry. The oil's moisturizing properties make it an essential ingredient in a variety of skincare and cosmetic products. Additionally, the industrial sector leverages CPO for its lubricating and surfactant properties in manufacturing and other applications. The versatility of palm oil and its derivatives ensures a steady demand across multiple sectors, thus sustaining market growth. Furthermore, advancements in palm oil extraction and refining technologies have enhanced production efficiency, reducing costs and making palm oil more competitive with other vegetable oils.

On the regional front, Asia Pacific dominates the CPO market, with countries like Indonesia and Malaysia being the largest producers and exporters. The region's tropical climate is ideal for oil palm cultivation, which has fostered a robust palm oil industry. Moreover, domestic consumption within these countries is also significant, driven by the food processing and biofuel sectors. In contrast, Europe and North America represent substantial markets for imported palm oil, primarily for biofuels and food applications. These regions have stringent sustainability criteria, which has led to a focus on certified sustainable palm oil, creating a niche market and driving premium pricing for compliant producers.

The process of extracting oil from palm fruits is a crucial step in the production of Crude Palm Oil (CPO). The Palm Oil Press plays a significant role in this stage, as it efficiently separates the oil from the fruit pulp. This machinery is designed to maximize oil yield while minimizing waste, ensuring that the extraction process is both cost-effective and environmentally friendly. Innovations in palm oil press technology have led to enhanced efficiency and reduced energy consumption, aligning with the industry's push towards sustainable practices. As the demand for CPO continues to grow, advancements in palm oil press technology will be pivotal in meeting production needs while adhering to environmental standards.

Product Type Analysis

In the Crude Palm Oil (CPO) market, product types are typically classified into refined and unrefined categories. The refined palm oil segment holds a significant share of the market due to its extensive use in the food industry. Refined palm oil undergoes processes such as bleaching and deodorization to remove impurities and odors, making it suitable for direct consumption and as an ingredient in various food products. This segment benefits from the high demand for processed foods, which utilize refined palm oil for its stable cooking properties and long shelf life. Additionally, the refined oil is favored in personal care and industrial applications due to its purity and consistent quality.

Unrefined crude palm oil, on the other hand, is mainly used in industrial applications and biofuel production. Its less processed nature retains more of the natural vitamins and antioxidants, which are beneficial in certain industrial and personal care applications. The unrefined segment is also crucial for biofuel production, as the raw oil can be directly used or minimally processed to produce biodiesel. The increasing emphasis on renewable energy sources is likely to boost

Get the latest insights on price movement and trend analysis of Crude Palm Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In 2024, it was forecast that total crude palm oil (CPO) feedstock for biodiesel in Malaysia would amount up to around *** billion liters. The government of Malaysia announced its National Biofuel Policy in 2006 to cut down the need for fossil fuels and to help sustain the palm oil (CPO) industry. Although the majority of domestically produced biodiesel is spent by the transportation sector, Malaysia is also intending to use it in the industrial sector, primarily to heat boilers and generate electricity.

Production: Crude Palm Oil: P Malaysia data was reported at 953.750 Ton th in Nov 2018. This records a decrease from the previous number of 1,010.782 Ton th for Oct 2018. Production: Crude Palm Oil: P Malaysia data is updated monthly, averaging 703.186 Ton th from Jan 1994 (Median) to Nov 2018, with 299 observations. The data reached an all-time high of 1,130.191 Ton th in Sep 2012 and a record low of 338.411 Ton th in Feb 1996. Production: Crude Palm Oil: P Malaysia data remains active status in CEIC and is reported by Malaysian Palm Oil Board. The data is categorized under Global Database’s Malaysia – Table MY.B022: Palm Oil Statistics.

In 2024, the manufacturing of crude palm oil in Malaysia had an industrial production index of ****, with the base year of 2015 at 100. This was an increase compared to 2023. The industrial production index of crude palm oil in the country has been increasing over the past few years.

MALAYSIA : YIELD OF FRESH FRUIT BUNCHES, CRUDE PALM OIL AND PALM KERNEL

In 2024, Kuala Lumpur Kepong Berhad produced approximately **** million metric tons of crude palm oil (CPO), a slight increase compared to the previous year. The Malaysian company is one of the world's leading palm oil producing companies.

Download Historical Crude Palm Oil - Malaysia Futures Data. CQG daily, 1 minute, tick, and level 1 data from 1899.

MALAYSIA: PRODUCTION OF CRUDE PALM OIL BY STATE

The Malaysian crude palm oil market totaled $12.3B in 2024, approximately mirroring the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $14.5B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

MALAYSIA : ANNUAL AVERAGE PRICE OF CRUDE PALM OIL

Daily sample data for Crude Palm Oil - Malaysia New MPO timestamped in Chicago time

MALAYSIA : YIELD OF FRESH FRUIT BUNCHES, CRUDE PALM OIL AND PALM KERNEL 2017 v2

Statistics illustrates production of crude palm oil in Malaysia from 2007 to 2024.

Daily sample data for Crude Palm Oil - Malaysia FCPO timestamped in Chicago time