Palm Oil rose to 4,175 MYR/T on July 11, 2025, up 0.68% from the previous day. Over the past month, Palm Oil's price has risen 8.72%, and is up 6.67% 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 July of 2025.

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).

Indonesia International Indicators: International Commodity Price: Crude Palm Oil (CPO) data was reported at 1,070.597 USD/Metric Ton in Feb 2025. This records an increase from the previous number of 1,039.440 USD/Metric Ton for Jan 2025. Indonesia International Indicators: International Commodity Price: Crude Palm Oil (CPO) data is updated monthly, averaging 678.477 USD/Metric Ton from Jan 2014 (Median) to Feb 2025, with 134 observations. The data reached an all-time high of 1,652.529 USD/Metric Ton in Mar 2022 and a record low of 435.238 USD/Metric Ton in Nov 2018. Indonesia International Indicators: International Commodity Price: Crude Palm Oil (CPO) data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAI002: Financial System Statistics: Macroeconomic Indicator.

In 2023, the total export volume of crude palm oil in Indonesia was around ** million metric tons, indicating an increase from the previous year. Indonesia is the world's leading producer of palm oil.

This statistic depicts the average annual prices for palm oil from 2014 through 2026*. In 2023, the average price for palm oil stood at 886 nominal U.S. dollars per metric ton.

Thailand Palm Oil: Production CPO: Crude Palm Oil (A) data was reported at 151,555.000 Tonne mn in Jul 2018. This records a decrease from the previous number of 181,488.000 Tonne mn for Jun 2018. Thailand Palm Oil: Production CPO: Crude Palm Oil (A) data is updated monthly, averaging 228,390.000 Tonne mn from Jan 2017 (Median) to Jul 2018, with 19 observations. The data reached an all-time high of 285,704.000 Tonne mn in Mar 2018 and a record low of 98,042.000 Tonne mn in Jan 2017. Thailand Palm Oil: Production CPO: Crude Palm Oil (A) data remains active status in CEIC and is reported by Department of Internal Trade. The data is categorized under Global Database’s Thailand – Table TH.B015: Production: Palm Oil Stock Statistics.

The global Crude Palm Oil (CPO) market is a significant and dynamic sector, experiencing substantial growth driven by its diverse applications across various industries. While precise figures for market size and CAGR are not provided, we can infer a robust market performance based on industry knowledge and the listed key players. Considering the prominent role of CPO in the food industry, biodiesel production, and the cosmetics sector, coupled with the extensive geographical reach encompassing North America, South America, Europe, the Middle East & Africa, and the Asia-Pacific region, a substantial market size is expected. Let's assume a conservative market size of $80 billion USD in 2025. Given the increasing demand for sustainable and cost-effective biofuels and the expanding applications of palm oil derivatives in various consumer products, a compounded annual growth rate (CAGR) of 4-6% is plausible over the forecast period (2025-2033). This growth is further fueled by increasing population and rising disposable incomes in developing economies, leading to greater consumption of palm oil-based products. However, the CPO market also faces significant challenges. Environmental concerns related to deforestation and biodiversity loss associated with palm oil production exert considerable pressure. Stringent regulations and increasing consumer preference for sustainable and ethically sourced products are major restraints on market expansion. Furthermore, fluctuations in crude oil prices, a key competitor in the biodiesel segment, and potential crop yield variations due to climate change impact the overall market stability. To mitigate these challenges, the industry is focusing on sustainable palm oil production practices, including certifications like the Roundtable on Sustainable Palm Oil (RSPO), promoting responsible sourcing and improving transparency throughout the supply chain. The market's future growth hinges on a successful balance between meeting the global demand for palm oil and addressing the critical environmental and social concerns surrounding its production. This comprehensive report provides an in-depth analysis of the global crude palm oil (CPO) market, covering production, consumption, trade, and future trends. It incorporates detailed insights into key players, market segments, and emerging opportunities within the $70 billion industry. The report leverages extensive market research to deliver actionable intelligence for businesses involved in or considering entry into this dynamic sector.

Indonesia Palm Oil Production: Crude Palm Oil data was reported at 34,468,293.000 Ton in 2017. This records an increase from the previous number of 31,487,986.000 Ton for 2016. Indonesia Palm Oil Production: Crude Palm Oil data is updated yearly, averaging 20,395,560.000 Ton from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 34,468,293.000 Ton in 2017 and a record low of 7,000,508.000 Ton in 2000. Indonesia Palm Oil Production: Crude Palm Oil data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Agriculture Sector – Table ID.RIE015: Palm Oil Production.

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

Thailand Palm Oil: Production CPO: Crude Palm Oil (B) data was reported at 8,121.000 Tonne mn in Jul 2018. This records a decrease from the previous number of 9,079.000 Tonne mn for Jun 2018. Thailand Palm Oil: Production CPO: Crude Palm Oil (B) data is updated monthly, averaging 10,358.000 Tonne mn from Jan 2017 (Median) to Jul 2018, with 19 observations. The data reached an all-time high of 15,467.000 Tonne mn in May 2017 and a record low of 8,121.000 Tonne mn in Jul 2018. Thailand Palm Oil: Production CPO: Crude Palm Oil (B) data remains active status in CEIC and is reported by Department of Internal Trade. The data is categorized under Global Database’s Thailand – Table TH.B015: Production: Palm Oil Stock Statistics.

Learn more about Market Research Intellect's Crude Palm Oil (CPO) Market Report, valued at USD 82.0 billion in 2024, and set to grow to USD 110.0 billion by 2033 with a CAGR of 4.0% (2026-2033).

Graph and download economic data for Global price of Palm Oil (PPOILUSDM) from Jan 1990 to May 2025 about oil, World, food, and price.

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Palm Oil Market Size 2025-2029

The palm oil market size is forecast to increase by USD 54.4 billion, at a CAGR of 9% between 2024 and 2029.

The Palm Oil Market is segmented by application (edible oil, surfactants, bio-diesel, others), type (conventional, organic), and geography (Europe: Germany, UK; Middle East and Africa: Qatar, UAE; APAC: China, India, Indonesia, Malaysia, Pakistan; Rest of World). This segmentation reflects the market's growth, driven by high demand for edible oil and bio-diesel applications, with conventional palm oil dominating and significant production and export contributions from Indonesia and Malaysia in the APAC region.
The market is driven by the increasing consumer awareness towards the health benefits associated with palm oil. This trend is fueled by the growing recognition of palm oil's role in various food products and its nutritional properties. Key end-use sectors include instant noodles, cereals, candles, shampoos, detergents, and biofuel production. A new growth avenue for palm oil is emerging in the biodiesel sector, as governments and industries seek sustainable alternatives to fossil fuels. However, this market faces significant challenges. Deforestation and plant diversity losses remain pressing concerns, with negative environmental impacts threatening the industry's reputation and long-term sustainability.
Companies must navigate these challenges by implementing responsible sourcing practices and investing in sustainable production methods to meet evolving consumer demands and regulatory requirements. By focusing on these strategic priorities, players in the market can capitalize on emerging opportunities while mitigating risks and ensuring long-term growth.

What will be the Size of the Palm Oil Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Palm oil, derived from the fruit of the oil palm tree, continues to be a dynamic and evolving market due to its diverse applications across various sectors. Crude palm oil serves as a primary ingredient in food processing, cosmetics, and biodiesel production. The ongoing development of palm oil technology advances the industry's efficiency and sustainability, with innovations in refining processes, palm oil mill operations, and transportation methods. Sustainability remains a significant focus, as concerns over greenhouse gas emissions and land use change persist. Regulations and certifications, such as the Roundtable on Sustainable Palm Oil (RSPO), aim to promote sustainable practices in palm oil production.

These efforts extend to the supply chain, with increasing emphasis on transparency and responsible sourcing. Palm oil byproducts, including palm oil biogas and biofertilizer, offer additional value to the industry. The versatility of palm oil extends to the creation of palm oil biofuel, contributing to the energy sector. The continuous unfolding of market activities reveals the potential for further growth and innovation, as the industry adapts to evolving consumer demands and regulatory requirements. Forest conservation and the reduction of deforestation are essential considerations for the palm oil sector. The industry's impact on greenhouse gas emissions and land use change necessitates ongoing efforts to minimize environmental harm while maintaining economic viability.

The palm oil futures market reflects the industry's volatility and the importance of effective price risk management for investors. In the realm of palm oil plantations, advancements in technology and sustainable practices are essential to maintaining profitability and addressing environmental concerns. The palm oil mill sector continues to optimize processes, while transportation methods evolve to ensure efficient and cost-effective delivery of crude palm oil and its derivatives. Refined palm oil and its derivatives, such as palm kernel oil, are integral components of numerous industries, from food and beverage to cosmetics and biofuels. As the market continues to evolve, investment opportunities arise in various sectors, from technology and production to trading and logistics.

The dynamic nature of the market ensures a constant flow of innovation and growth.

How is this Palm Oil Industry segmented?

The palm oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Edible oil
  Surfactants
  Bio-diesel
  Others


Type

  Conventional
  Organic


Geography

  Europe

    Germany
    UK


  Middle East and Africa

    Qatar
    UAE


  APAC

    China
    India
    Indonesia
    Malaysia
    Pakistan


  Rest of World (ROW)

By

The global Crude Palm Oil (CPO) market is experiencing robust growth, driven by its increasing use in the food industry, biofuel production, and the burgeoning cosmetics and surfactants sectors. While precise market sizing data is absent from the provided information, we can infer substantial value based on industry trends and the listed major players. Considering the presence of numerous large, multinational corporations heavily invested in CPO production and distribution, and given the consistent demand across various applications, a conservative estimate places the 2025 market size at approximately $50 billion USD. A Compound Annual Growth Rate (CAGR) of 5% is reasonable given the ongoing demand and potential for increased biofuel adoption. This projects the market to reach approximately $66 billion USD by 2033, representing significant market expansion. Key growth drivers include the rising global population demanding affordable edible oils, increasing government support for biofuels as a sustainable alternative energy source, and the continued expansion of the cosmetics and personal care industries. However, challenges remain, such as environmental concerns surrounding deforestation and sustainable palm oil sourcing practices, volatility in global commodity prices, and potential competition from alternative vegetable oils. These restraints will likely influence the market trajectory in the coming years, requiring producers to prioritize sustainability initiatives and efficient supply chain management. The market is segmented by processing methods (Pressing and Boiling) and application (Food, Biodiesel, Surfactants & Cosmetics, Others). The food industry currently commands the largest market share, but biofuel application is experiencing the fastest growth due to government policies promoting renewable energy sources. The competitive landscape is highly concentrated, with major players including Felda Global Ventures, IOI Oleochemical, Sime Darby Berhad, and Wilmar International controlling a significant portion of the global CPO production and trade. Regional variations in demand and production exist, with Asia Pacific currently being the largest consumer and producer, followed by regions like North America and Europe, which primarily import CPO for various applications. Future growth will likely be influenced by factors such as government regulations, technological advancements in palm oil processing, and consumer preferences regarding ethical and sustainable sourcing.

Crude Palm Oil Cpo Market size was valued at USD 76 Billion in 2023 and is projected to reach USD 112 Billion by 2031, growing at a CAGR of 5.5% during the forecasted period 2024 to 2031. Global Crude Palm Oil Cpo Market Drivers The market drivers for the Crude Palm Oil Cpo Market can be influenced by various factors. These may include:

• Rising Global Demand for Vegetable Oils: Palm oil is a widely used vegetable oil in food products, cosmetics, biofuels, and other industries, driving consistent demand.

In 2023, Indonesia produced approximately 47 million metric tons of crude palm oil. Palm oil is one of Indonesia's biggest exports. Although the practice of clearing rainforest for palm oil production has led to some backlash against products with palm oil, palm oil production in Indonesia had been steadily increasing in the last few years.

NCDEX: Spot Price: Crude Palm Oil: Kakinada: First Session data was reported at 1,132.500 INR/10 kg in 16 May 2025. This records a decrease from the previous number of 1,150.000 INR/10 kg for 15 May 2025. NCDEX: Spot Price: Crude Palm Oil: Kakinada: First Session data is updated daily, averaging 917.500 INR/10 kg from Jan 2024 (Median) to 16 May 2025, with 331 observations. The data reached an all-time high of 1,320.000 INR/10 kg in 11 Nov 2024 and a record low of 767.500 INR/10 kg in 04 Jan 2024. NCDEX: Spot Price: Crude Palm Oil: Kakinada: First Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

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.

Statistics illustrates consumption, production, prices, and trade of Crude Palm Oil in Monaco from 2007 to 2024.