Palm Oil rose to 3,925 MYR/T on June 9, 2025, up 0.20% from the previous day. Over the past month, Palm Oil's price has risen 2.88%, and is up 0.20% 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 June of 2025.

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.

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).

Report Features	Details
Product Name	Crude Palm Oil
Industrial Uses	Frying oil, Personal care and cosmetics (primarily palm kernel oil), Biofuel and energy, Animal feed (palm kernel expeller), Pharmaceutical, Industrial, Foodservice/service industry
Supplier Database	FGV Holdings Berhad, IOI Corporation Berhad, Sime Darby Plantation Berhad, Musim Mas Holdings Pt. Ltd, Bumitama Agri Ltd., Adani Group, Emamiltd, Asian Agri, Apical Group Ltd.
Region/Countries Covered	Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency	US$ (Data can also be provided in local currency)
Supplier Database Availability	Yes
Customization Scope	The report can be customized as per the requirements of the customer
Post-Sale Analyst Support	360-degree analyst support after report delivery

China Settlement Price: Dalian Commodity Exchange: RBD Palm Oil: 3rd Month data was reported at 8,398.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 9,076.000 RMB/Ton for Mar 2025. China Settlement Price: Dalian Commodity Exchange: RBD Palm Oil: 3rd Month data is updated monthly, averaging 6,512.000 RMB/Ton from Oct 2007 (Median) to Apr 2025, with 211 observations. The data reached an all-time high of 13,852.000 RMB/Ton in Apr 2022 and a record low of 4,174.000 RMB/Ton in Jun 2019. China Settlement Price: Dalian Commodity Exchange: RBD Palm Oil: 3rd Month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price.

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

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.

Global palm oil market in 2023 was USD 70.95 billion. Demand for palm oil grew 8.3% in 2024 compared to the previous year, so global market will be USD 76.8 billion in 2025. Global sales between 2025 to 2035 will be expanding at 4.5% CAGR, eventually reaching USD 119.1 billion in 2035.

Attribute	Description
Estimated Global Palm Oil Industry Size (2025E)	USD 76.8 billion
Projected Global Palm Oil Industry Value (2035F)	USD 119.1 billion
Value-based CAGR (2025 to 2035)	4.5%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	4.2%
H2 (2024 to 2034)	4.3%
H1 (2025 to 2035)	4.3%
H2 (2025 to 2035)	4.5%

Country-Wise Insights

Countries	CAGR 2025 to 2035
USA	4.5%
Germany	5.0%
China	3.4%
Japan	3.7%
India	4.0%

Category-Wise Insights

Segment	Value Share (2025)
Food & Beverage (By Application)	73.1%

Segment	Value Share (2025)
Biofuels, Personal Care & Industrial Applications (By Application)	26.9%

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.

Future Outlook and Projections for Indonesia Palm Oil Market on the Basis of Revenues in USD Billion, 2024-2029 The Indonesia palm oil market is projected to grow steadily by 2029, driven by increasing global demand for vegetable oils, government mandates for biodiesel, and advancements in sustainable production practices. This growth is expected to be supported by innovations in technology, export expansion, and regulatory measures promoting sustainability. What Lies Ahead for Indonesia Palm Oil Market?

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.

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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.

Get a glance at the market report of share of various segments Request Free Sample

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.

For more insights on the market size of various regions, Request Free Sample

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

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

Sunflower Oil fell to 1,252.10 INR/10 kg on June 24, 2025, down 0.82% from the previous day. Over the past month, Sunflower Oil's price has fallen 4.21%, but it is still 34.46% 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.

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.

Get the latest insights on price movement and trend analysis of Crude Palm Kernel Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Report Features	Details
Product Name	Crude Palm Kernel Oil
Industrial Uses	Ghee, Butter, Ice-Cream, Chocolate, Dairy Products, Soap, Cream, Body Lotions, Detergents
Supplier Database	Cargill, Incorporated, United Palm Oil Industry Public Company Limited, Wilmar International Ltd, Sime Darby Plantation Berhad, IOI Corporation Berhad, Musim Mas Holdings Pt. Ltd
Region/Countries Covered	Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency	US$ (Data can also be provided in local currency)
Supplier Database Availability	Yes
Customization Scope	The report can be customized as per the requirements of the customer
Post-Sale Analyst Support	360-degree analyst support after report delivery

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 crude palm oil market reached $73.5B in 2024, increasing by 5.4% against the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2024: its value increased at an average annual rate of +3.4% 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 decreased by -8.2% against 2022 indices.

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

The Indian refined palm oil market expanded modestly to $6B in 2024, rising by 2.1% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $6.3B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The global Crude Palm Oil (CPO) market is a significant and dynamic sector, exhibiting substantial growth potential. Driven by increasing demand from the food industry (particularly in processed foods and cooking oils), the bio-diesel sector (fueled by government mandates for renewable energy sources), and the burgeoning surfactants and cosmetics industries, the market is poised for expansion. While production challenges related to sustainability concerns and land usage remain restraints, technological advancements in sustainable palm oil cultivation and processing are mitigating these risks. The market's segmentation, categorized by application (food, bio-diesel, surfactants & cosmetics, others) and type (pressing and boiling CPO), reveals varying growth trajectories. For example, the bio-diesel segment is expected to experience faster growth than the food segment due to increasing environmental regulations and a push for renewable energy alternatives. The geographical distribution of the market shows strong concentration in Asia-Pacific, fueled by major producing countries like Indonesia and Malaysia, but demand is growing in other regions like North America and Europe, driven by increasing consumption and import requirements. Major players in the CPO market, including Felda Global Ventures, IOI Oleochemical, and Wilmar International, are strategically investing in research & development and sustainable practices to maintain their market position and cater to the changing demands of consumers and regulatory bodies. Considering a 2025 market size of $50 billion (a reasonable estimate based on publicly available data and industry reports for similar markets), and assuming a conservative CAGR of 4%, the market is projected to reach approximately $66 billion by 2033. This growth trajectory will be further influenced by various factors, including fluctuating global commodity prices, government policies promoting sustainable agriculture, and changing consumer preferences towards healthier and ethically sourced products. Competition within the market is intense, with significant players vying for market share through strategic acquisitions, expansion into new markets, and investment in sustainable production methods. The ability of CPO producers to address sustainability concerns and meet the growing demand for certified sustainable palm oil will significantly influence their future success.