Palm Oil fell to 4,252 MYR/T on July 23, 2025, down 0.26% from the previous day. Over the past month, Palm Oil's price has risen 6.67%, and is up 8.30% 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.

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.

Malaysia RBD Palm Olein Export Price, fob data was reported at 2,421.000 MYR/Ton in Jun 2018. This records a decrease from the previous number of 2,507.000 MYR/Ton for May 2018. Malaysia RBD Palm Olein Export Price, fob data is updated monthly, averaging 1,573.750 MYR/Ton from Jan 1983 (Median) to Jun 2018, with 426 observations. The data reached an all-time high of 4,226.000 MYR/Ton in Mar 2008 and a record low of 591.500 MYR/Ton in Aug 1986. Malaysia RBD Palm Olein Export Price, fob 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.

This statistic depicts the average monthly prices for palm oil worldwide from January 2014 through June 2025. In June 2025, the average monthly price for palm oil worldwide stood at ****** nominal U.S. dollars per metric ton.

Malaysia Crude Palm Oil Price: Local Delivery: Month End: 2M Forward data was reported at 2,321.000 MYR/Ton in Jun 2018. This records a decrease from the previous number of 2,480.000 MYR/Ton for May 2018. Malaysia Crude Palm Oil Price: Local Delivery: Month End: 2M Forward data is updated monthly, averaging 2,168.500 MYR/Ton from May 1996 (Median) to Jun 2018, with 266 observations. The data reached an all-time high of 3,986.500 MYR/Ton in Feb 2008 and a record low of 746.500 MYR/Ton in Feb 2001. Malaysia Crude Palm Oil Price: Local Delivery: Month End: 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.

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).

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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

Malaysia Crude Palm Kernel Oil Price: LD: Mo Wt Avg: Spot: E Coast data was reported at 4,052.500 MYR/Ton in May 2014. This records a decrease from the previous number of 4,086.000 MYR/Ton for Apr 2014. Malaysia Crude Palm Kernel Oil Price: LD: Mo Wt Avg: Spot: E Coast data is updated monthly, averaging 2,181.500 MYR/Ton from Jul 1996 (Median) to May 2014, with 146 observations. The data reached an all-time high of 6,795.500 MYR/Ton in Feb 2011 and a record low of 839.000 MYR/Ton in Apr 2001. Malaysia Crude Palm Kernel Oil Price: LD: Mo Wt Avg: Spot: E Coast 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 price release by MPOB base on contract registered to MPOB. No price data if there is no trade been reported/register with MPOB. The most of the trade from East Coast are long term contracts.

Malaysia Crude Palm Kernel Oil Price: LD: Mo Wt Avg: Spot: Central data was reported at 2,813.000 MYR/Ton in Nov 2018. This records a decrease from the previous number of 3,241.500 MYR/Ton for Oct 2018. Malaysia Crude Palm Kernel Oil Price: LD: Mo Wt Avg: Spot: Central data is updated monthly, averaging 2,458.500 MYR/Ton from Jul 1996 (Median) to Nov 2018, with 269 observations. The data reached an all-time high of 7,855.000 MYR/Ton in Jan 2017 and a record low of 786.500 MYR/Ton in Feb 2001. Malaysia Crude Palm Kernel Oil Price: LD: 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.

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.

In 2022, the average annual producer price for palm oil fresh fruit bunches (FFB) in Malaysia reached approximately *** U.S. dollars per metric ton, an increase compared to the previous year. Labor shortage in the country caused by restrictions during the COVID-19 pandemic had impacted the

MALAYSIA : ANNUAL AVERAGE PRICE OF CRUDE PALM OIL

The global production of palm oil was around ***** million metric tons in the marketing year 2023/24, decreasing from approximately ***** million metric tons in 2022/23. In that period, Indonesia and Malaysia were the leading exporters of palm oil worldwide. Leading palm oil producers Palm oil grows mainly in Asia, Africa and Latin America. Indonesia and Malaysia are the main palm oil producers, followed by Thailand, Colombia, and Nigeria. Unsurprisingly, Indonesia and Malaysia have the largest certified area planted with palm trees. In 2017, the Roundtable on Sustainable Palm Oil (RSPO) certified area planted with palm trees in Indonesia reached *** million hectares, up from **** million hectares in 2016. Global market Import volume of palm oil has increased worldwide over the past few years. According to the World Bank, in 2021, the average price for palm oil stood at ***** nominal U.S. dollars per metric ton. It is expected to drop to about ***** nominal U.S. dollars per metric ton by 2024.

The revenue of the palm fruit oil market in Malaysia amounted to $X in 2017, surging by X% against the previous year. Overall, palm fruit oil consumption continues to indicate a strong increase. The growth pace was the most rapid in 2017, when it surged by X% y-o-y. In that year, the palm fruit oil market reached their peak level, and is likely to continue its growth in the immediate term.In 2017, production of palm fruit oil in Malaysia totaled X tons, going up by X% against the previous year.

In 2021, Indonesia (X tons) was the largest exporter of palm oil, generating 55% of total exports. It was distantly followed by Malaysia (X tons), comprising a 29% share of total exports. The following exporters - the Netherlands (X tons), Guatemala (X tons) and Papua New Guinea (X tons) - each resulted at a 5.7% share of total exports.

In Q1 2025, the Palm Kernel Oil (PKO) market in North America experienced a gradual transition from initial supply constraints to a more balanced environment. At the beginning of the quarter, low inventory levels and limited shipments from major producing nations created upward pressure on prices. However, as the quarter progressed, revised production forecasts from key exporters like Malaysia and Indonesia eased earlier concerns. The improved supply outlook helped stabilize the market, while demand-side factors remained sluggish, leading to a generally soft pricing environment.

While Indonesia plans to expand the production and struggles with the EU ban on using palm oil as a biofuel, Malaysia faces an acute shortage of workers due to the guest workers outflow after the pandemic. Despite the problems in these two countries producing 85% of the total palm oil, the global demand remains due to the main importers, China and India.

The Malaysian refined palm oil market surged to $391M in 2024, increasing by 18% against the previous year. Over the period under review, the total consumption indicated a notable increase from 2012 to 2024: its value increased at an average annual rate of +2.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +107.4% against 2022 indices.

Palm Oil Price in Malaysia - 2021. Find the latest marketing data on the IndexBox platform.

In 2023, the gross domestic product (GDP) contribution from palm oil in Malaysia was estimated to be at 3.7 percent of its GDP. Palm oil is one of Malaysia’s primary industries, and its main agricultural export globally. Importance of palm oil to the Malaysian economy Malaysia is the world’s second-largest producer and exporter of palm oil, after Indonesia. In 2023, it exported around 14.8 million metric tons of palm oil and palm-based products. These exports were valued at around 102 billion Malaysian ringgit. All in all, the palm oil industry contributed around 36 billion ringgit to Malaysia’s total gross domestic product. Outlook of the palm oil industry In recent years, concerns about the negative impact of palm oil cultivation on the environment, as well as the rise of protectionism in the global economy, has threatened Malaysia’s palm oil industry. The European Union, Malaysia’s most valuable export market, had effectively passed a law to phase out the use of palm oil in biofuels by 2030. Furthermore, unfavorable weather and the COVID-19 pandemic had led to a decrease in palm oil stockpiles and production. To counter the volatility in global palm oil demand, Indonesia, the commodity’s largest producer and exporter, has introduced policies to increase domestic consumption through biofuels. Malaysia’s domestic consumption of palm oil, however, is but a small fraction of what it exports. It would therefore need to do more to secure a market for its palm oil.