NCDEX: Spot Price: Crude Palm Oil: Kakinada: First Session data was reported at 1,270.000 INR/10 kg in 26 Mar 2025. This records an increase from the previous number of 1,267.500 INR/10 kg for 25 Mar 2025. NCDEX: Spot Price: Crude Palm Oil: Kakinada: First Session data is updated daily, averaging 907.500 INR/10 kg from Jan 2024 (Median) to 26 Mar 2025, with 299 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.

NCDEX: Spot Price: Crude Palm Oil: Kandla: Second Session data was reported at 1,281.250 INR/10 kg in 25 Mar 2025. This records a decrease from the previous number of 1,288.600 INR/10 kg for 24 Mar 2025. NCDEX: Spot Price: Crude Palm Oil: Kandla: Second Session data is updated daily, averaging 873.100 INR/10 kg from Jan 2023 (Median) to 25 Mar 2025, with 541 observations. The data reached an all-time high of 1,347.650 INR/10 kg in 06 Dec 2024 and a record low of 756.050 INR/10 kg in 22 Sep 2023. NCDEX: Spot Price: Crude Palm Oil: Kandla: Second 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.

Palm Oil decreased 155 MYR/MT or 3.49% since the beginning of 2025, 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 March of 2025.

NCDEX: Spot Price: Crude Palm Oil: Kandla: First Session data was reported at 1,275.250 INR/10 kg in 26 Mar 2025. This records a decrease from the previous number of 1,281.150 INR/10 kg for 25 Mar 2025. NCDEX: Spot Price: Crude Palm Oil: Kandla: First Session data is updated daily, averaging 938.450 INR/10 kg from Jan 2024 (Median) to 26 Mar 2025, with 301 observations. The data reached an all-time high of 1,347.900 INR/10 kg in 06 Dec 2024 and a record low of 768.700 INR/10 kg in 03 Jan 2024. NCDEX: Spot Price: Crude Palm Oil: Kandla: 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.

In 2024, the African crude palm oil market was finally on the rise to reach $4.6B after two years of decline. The market value increased at an average annual rate of +4.3% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $4.7B in 2021; however, from 2022 to 2024, consumption remained at a lower figure.

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.

In May 2023, the price of Crude Palm Oil reached $1,074 per ton (CIF, United Kingdom), showing a decrease of -3.3% compared to the previous month.

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

In 2021, Malaysia (X tons) represented the main exporter of crude palm oil, achieving 42% of total exports. Indonesia (X tons) ranks second in terms of the total exports with a 22% share, followed by Papua New Guinea (6.2%), Guatemala (6.2%) and Thailand (5%). The following exporters - Colombia (X tons) and Honduras (X tons) - each amounted to a 6.3% share of total exports.

NCDEX: Spot Price: Crude Palm Oil: Kakinada: Second Session data was reported at 1,275.000 INR/10 kg in 27 Mar 2025. This stayed constant from the previous number of 1,275.000 INR/10 kg for 26 Mar 2025. NCDEX: Spot Price: Crude Palm Oil: Kakinada: Second Session data is updated daily, averaging 855.000 INR/10 kg from Jan 2023 (Median) to 27 Mar 2025, with 539 observations. The data reached an all-time high of 1,315.000 INR/10 kg in 21 Feb 2025 and a record low of 735.000 INR/10 kg in 22 Sep 2023. NCDEX: Spot Price: Crude Palm Oil: Kakinada: Second 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.

The palm oil prices in the Malaysia for Q4 2023 reached 810 USD/MT in December. Initially, prices declined due to surplus stock and expectations of higher production. By November, prices picked up because of factors like the thriving food and beverage (F&B) industry, along with geopolitical impacts on crude oil. As December approached, a dip in exports led to declining prices, pushing producers to reduce excess inventory.

In 2024, the Guatemalan crude palm oil market increased by 4,132% to $248M for the first time since 2020, thus ending a three-year declining trend. Over the period under review, consumption showed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Malaysia Crude Palm Oil Price: Local Delivery: Mo Wt Avg: Spot: Central data was reported at 2,093.500 MYR/Ton in Oct 2018. This records a decrease from the previous number of 2,190.000 MYR/Ton for Sep 2018. Malaysia Crude Palm Oil Price: Local Delivery: Mo Wt Avg: Spot: Central data is updated monthly, averaging 1,427.000 MYR/Ton from Jan 1983 (Median) to Oct 2018, with 430 observations. The data reached an all-time high of 3,850.000 MYR/Ton in Feb 2011 and a record low of 442.000 MYR/Ton in Sep 1986. Malaysia Crude Palm Oil Price: Local Delivery: Mo Wt Avg: Spot: Central 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.

In July 2022, the crude palm oil price per ton stood at $1.5K (CIF, India), reducing by -14% against the previous month.

The Mexican crude palm oil market surged to $584M in 2024, rising by 27% against the previous year. Overall, consumption enjoyed a notable increase. Over the period under review, the market attained the maximum level in 2024 and is likely to see gradual growth in years to come.

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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 market presents a dynamic and complex landscape for global investors and businesses. Key drivers include the increasing consumer awareness and preference for palm oil due to its health benefits, particularly in food and cosmetic industries. This trend is expected to continue, providing significant growth opportunities for market participants. However, challenges persist, with concerns over deforestation and the resulting losses in plant diversity threatening the industry's sustainability and reputation. To navigate these challenges, companies must adopt responsible sourcing practices and invest in sustainable production methods. The emergence of a new growth avenue for palm oil in the biodiesel sector further underscores the market's potential. As the demand for renewable energy sources continues to rise, the integration of palm oil into the biodiesel value chain offers a strategic opportunity for market players. Companies seeking to capitalize on these trends and mitigate risks should focus on innovation, transparency, and collaboration with stakeholders to ensure long-term success.

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

Request Free SampleThe market encompasses the production and trade of palm fruits and their derived oils, including crude palm oil, RBD palm oil, palm kernel oil, and unrefined palm oil. Palm oil is a widely used edible vegetable oil, prominent in various industries such as food, cosmetics, and biodiesel. Its versatility is evident in its application in diverse products, from instant noodles and confectionery to soaps and cosmetics. The market size is substantial, with continued growth driven by increasing demand for edible oils, particularly in developing countries. Palm oil's affordability and high energy value make it a preferred choice for industries and households alike. However, concerns over sustainability and environmental impacts, such as deforestation and the conversion of tropical forests, have led to a growing focus on sustainable and organic production. Palm oil competes with other edible oils like rapeseed oil, mineral oil, and unrefined palm oil. Health-conscious consumers are increasingly seeking alternatives to palm oil due to its association with heart disease. Despite these challenges, the market remains dynamic, with ongoing research and development efforts aimed at improving production methods and addressing sustainability concerns.

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. ApplicationEdible oilSurfactantsBio-dieselOthersTypeConventionalOrganicGeographyAPACChinaIndiaIndonesiaMalaysiaPakistanMiddle East and AfricaQatarUAEEuropeGermanyUKNorth AmericaSouth America

By Application Insights

The edible oil segment is estimated to witness significant growth during the forecast period.Palm oil is a widely used edible oil, predominantly sourced from the palm fruit and palm kernel. Palm fruit oil is primarily utilized for cooking and is a common ingredient in various food products, particularly in Asian markets. Compared to other hydrogenated oils, palm oil is considered healthier due to its lower trans fat content. The affordability of palm oil, as a vegetable oil, has also contributed to its expanding market share. With significant production volumes, palm oil plays a substantial role in the food processing sector. Its versatility extends beyond cooking, as it is also used in the production of instant noodles, oleochemicals, biodiesel fuel, and various consumer goods. The market encompasses both conventional and organic segments, with a growing emphasis on sustainable and eco-friendly production methods. The health benefits of palm oil, including its nutritional value and uses in personal care products, further underscore its importance in various industries.

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The Edible oil segment was valued at USD 54.00 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 73% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Palm oil is a versatile vegetable oil derived from the fruits of the oil palm tree. The primary contributors to the expansion of the market in the APAC region are China, Australia, Thail

In 2024, after two years of decline, there was significant growth in the Indonesian crude palm oil market, when its value increased by 6.3% to $39.3B. Overall, consumption showed a buoyant increase. As a result, consumption reached the peak level of $43.5B. From 2022 to 2024, the growth of the market remained at a lower figure.

Malaysia Crude Palm Kernel Oil Price: LD: Mo Wt Avg: Spot: South data was reported at 2,826.500 MYR/Ton in Nov 2018. This records a decrease from the previous number of 3,248.500 MYR/Ton for Oct 2018. Malaysia Crude Palm Kernel Oil Price: LD: Mo Wt Avg: Spot: South data is updated monthly, averaging 2,450.500 MYR/Ton from Jul 1996 (Median) to Nov 2018, with 269 observations. The data reached an all-time high of 7,591.500 MYR/Ton in Feb 2017 and a record low of 793.000 MYR/Ton in Feb 2001. Malaysia Crude Palm Kernel Oil Price: LD: Mo Wt Avg: Spot: South 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.

The Indian crude palm oil market was finally on the rise to reach $6.5B in 2024, after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $7.4B. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.

In 2024, the Sri Lankan crude palm oil market increased by 16% to $8.4M for the first time since 2020, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a perceptible curtailment. Over the period under review, the market reached the peak level at $89M in 2014; however, from 2015 to 2024, consumption failed to regain momentum.