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.

Malaysia Turnover: Futures: Crude Palm Oil data was reported at 731,180.000 Contract in Sep 2018. This records a decrease from the previous number of 852,195.000 Contract for Aug 2018. Malaysia Turnover: Futures: Crude Palm Oil data is updated monthly, averaging 445,949.000 Contract from Jan 2004 (Median) to Sep 2018, with 177 observations. The data reached an all-time high of 1,174,494.000 Contract in Feb 2017 and a record low of 72,396.000 Contract in Jan 2006. Malaysia Turnover: Futures: Crude Palm Oil data remains active status in CEIC and is reported by Bursa Malaysia. The data is categorized under Global Database’s Malaysia – Table MY.Z012: Bursa Malaysia: Derivatives: Turnover and Open Interest.

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 Core Inflation Nowcast: Contribution: Commodity Prices: Crude Palm Oil: KLCE: Settlement Price: Current Month Future data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. Malaysia Core Inflation Nowcast: Contribution: Commodity Prices: Crude Palm Oil: KLCE: Settlement Price: Current Month Future data is updated weekly, averaging 0.742 % from Oct 2020 (Median) to 12 May 2025, with 239 observations. The data reached an all-time high of 30.672 % in 11 Dec 2023 and a record low of 0.000 % in 12 May 2025. Malaysia Core Inflation Nowcast: Contribution: Commodity Prices: Crude Palm Oil: KLCE: Settlement Price: Current Month Future data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Malaysia – Table MY.CEIC.NC: CEIC Nowcast: Inflation: Core.

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)

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

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

The article highlights the impact of persistent heavy rainfall on Malaysia's palm oil production, leading to significant market disruptions and increased prices.

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.

Intraday 1 minute sample data for Crude Palm Oil - Malaysia FCPO timestamped in Chicago time

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 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 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

In 2024, the Malaysian palm oil market decreased by -27.9% to $3.8B, falling for the second consecutive year after three years of growth. Overall, consumption continues to indicate a mild downturn. Palm oil consumption peaked at $7.2B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

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.

In 2024, the European Union (EU) was Malaysia's most valuable export market for palm oil and palm-based products, with exports amounting to around **** billion Malaysian ringgit. This was followed by India and China, with a value of around ** billion and ** billion Malaysian ringgit respectively. However, plans by the European Commission to phase out the use of palm oil in transport fuel by 2030 threatens to reduce the size of this market for Malaysian palm oil in the future.

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.

Sunflower Oil fell to 1,238 INR/10 kg on July 11, 2025, down 0.20% from the previous day. Over the past month, Sunflower Oil's price has fallen 0.13%, but it is still 35.94% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Sunflower Oil.

In 2023, the European Union (EU) was Malaysia's largest export market for palm oil and palm-based products, with exports amounting to around 3.35 million metric tons. This was followed by India and China, with palm oil and palm-based products exports amounting to 3.28 million metric tons and 3.2 million metric tons respectively. However, plans by the European Commission to phase out the use of palm oil in transport fuel by 2030 threatens to reduce the size of this market for Malaysian palm oil in the future.