Palm Oil rose to 4,529 MYR/T on August 21, 2025, up 0.71% from the previous day. Over the past month, Palm Oil's price has risen 6.24%, and is up 18.37% 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 August of 2025.

This statistic depicts the average annual prices for palm oil from 2014 through 2026*. In 2024, the average price for palm oil stood at 963 nominal U.S. dollars per metric ton.

Graph and download economic data for Global price of Palm Oil (PPOILUSDQ) from Q1 1990 to Q2 2025 about oil, World, food, and 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.

Nigeria Commodity Price: Palm Oil data was reported at 873.670 USD/Metric Ton in Jun 2024. This records an increase from the previous number of 859.150 USD/Metric Ton for May 2024. Nigeria Commodity Price: Palm Oil data is updated monthly, averaging 762.830 USD/Metric Ton from Jan 2009 (Median) to Jun 2024, with 186 observations. The data reached an all-time high of 1,776.960 USD/Metric Ton in Mar 2022 and a record low of 483.490 USD/Metric Ton in Sep 2015. Nigeria Commodity Price: Palm Oil data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

In June 2023, Palm Oil was priced at $938 per ton (CIF, India), showing a decline of -7.9% compared to the previous month.

In June 2022, the palm kernel oil price per tonstood at $2,746 per ton, increasing by 8.2% against the previous month.

As of December 2018, oil palm fruit in Brazil was traded at an average price of *** Brazilian reals per metric ton, up from *** reals per ton in the same month of the previous year. In the indicated period, the price of oil palm fruit in the country reached a peaked in the first semester of 2017, at an average of *** reals per ton.

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.

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.

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.

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

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 Jun 2025 about oil, World, food, and price.

Indonesia is the world’s top producer and exporter of palm oil. In 2024, its oil palm production was estimated at around **** million metric tons. Oil palm estates in Indonesia Palm oil is one of Indonesia’s largest agricultural export commodities, and large swathes of land are cleared each year for palm oil plantations. Indonesian palm oil estates fall under three categories: large private plantations, smallholders, and state-owned. Most of the oil palm plantations were located in three areas: Riau, Kalimantan, and Sumatera. Unsurprisingly, these provinces account for most of the production of palm oil as well. Effects of palm oil production In recent years, the production of palm oil had come under increased global scrutiny and criticism, due to its detrimental effects on the environment. In Indonesia, many plantations practice slash-and-burn agriculture to quickly clear the land for new plantings. This has resulted in annual air pollution problems that spread to neighboring Singapore and Malaysia. Furthermore, Indonesia has lost much of its rainforest cover to oil palm monoculture, especially in Kalimantan and Sumatra. Some measures already exist to ensure sustainable and environmentally friendly production practices. In 2008, the Roundtable on Sustainable Palm Oil (RSPO) introduced certain criteria that producers must comply with to produce Certified Sustainable Palm Oil (CSPO). However, as of 2021, Indonesia had produced just around ** million metric tons of certified sustainable palm oil.

Malaysia Crude Palm Kernel Oil Price: LD: Mo End: 2M Forward data was reported at 2,957.500 MYR/Ton in Nov 2018. This records a decrease from the previous number of 3,168.500 MYR/Ton for Oct 2018. Malaysia Crude Palm Kernel Oil Price: LD: Mo End: 2M Forward data is updated monthly, averaging 2,516.500 MYR/Ton from Jul 1996 (Median) to Nov 2018, with 269 observations. The data reached an all-time high of 8,251.000 MYR/Ton in Jan 2017 and a record low of 850.000 MYR/Ton in Feb 2001. Malaysia Crude Palm Kernel Oil Price: LD: Mo 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.

In February 2023, the palm oil price fell by -7% to $951 per ton (CIF, South Africa), compared with the previous month.

Malaysia Crude Palm Oil Price: Local Delivery: Month End: Spot data was reported at 2,295.500 MYR/Ton in Jun 2018. This records a decrease from the previous number of 2,385.000 MYR/Ton for May 2018. Malaysia Crude Palm Oil Price: Local Delivery: Month End: Spot data is updated monthly, averaging 2,139.750 MYR/Ton from May 1996 (Median) to Jun 2018, with 266 observations. The data reached an all-time high of 3,946.000 MYR/Ton in Feb 2008 and a record low of 705.000 MYR/Ton in Feb 2001. Malaysia Crude Palm Oil Price: Local Delivery: Month End: Spot 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 2023/24, palm oil consumption amounted to around 75 million metric tons worldwide. That figure is projected to increase to approximately 78 million metric tons during 2024/25. Consumption of palm oil worldwide Palm oil is an edible vegetable oil commonly used for food products, detergents, and cosmetics. In the United States, palm oil consumption amounts to approximately 1.7 million metric tons annually. In comparison, palm oil consumption in the European Union is about three times as high. Nonetheless, palm oil consumption in the European Union has dropped significantly during the last two years. After constantly being close to 6.6 million metric tons between 2015 and 2020, consumption levels dropped to five million in 2021 and has not increased much since. Palm oil consumption in Indonesia is almost 20 million metric tons, which is significantly more than in any other country in the world. Indonesia’s palm oil consumption has nearly tripled during the last decade. Palm oil in China China's total imports of palm oil amount to approximately 7.2 million tons per year. More than half of those are imported from Indonesia, the leading palm oil producer worldwide. Furthermore, China's imports of palm oil from Malaysia amount to about 1.7 million metric tons, which is slightly less than a quarter of the total palm oil imports. In 2022, China’s total consumption of palm oil amounted to about 6.7 million metric tons. China’s palm oil consumption saw a noticeable increase in 2018. That year, consumption levels increased by almost two million metric tons, from 5.1 to seven million metric tons. Chinese palm oil consumption has remained at a similar level ever since, except during the pandemic year of 2021.

In July 2023, the price of Palm Kernel Oil was $987 per ton (CIF, India), showing a decrease of 12.2% compared to the previous month.