Palm Oil fell to 4,481 MYR/T on October 14, 2025, down 0.33% from the previous day. Over the past month, Palm Oil's price has risen 0.81%, and is up 4.99% 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 October of 2025.

View monthly updates and historical trends for Malaysia Palm Kernel Oil Price. Source: World Bank. Track economic data with YCharts analytics.

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.

The Malaysian crude palm oil market was estimated at $12.3B in 2024, therefore, remained relatively stable against the previous year. Overall, consumption saw a relatively flat trend pattern. Crude palm oil consumption peaked at $14.5B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

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.

View monthly updates and historical trends for Malaysia Palm Oil Futures Price. Source: International Monetary Fund. Track economic data with YCharts anal…

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Palm Oil Market Size 2025-2029

The palm oil market size is valued to increase USD 54.4 billion, at a CAGR of 9% from 2024 to 2029. Increasing consumer awareness regarding health benefits of palm oil will drive the palm oil market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 73% growth during the forecast period.
By Application - Edible oil segment was valued at USD 54.00 billion in 2023
By Type - Conventional segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 92.90 billion
Market Future Opportunities: USD 54.40 billion
CAGR : 9%
APAC: Largest market in 2023

Market Summary

The market encompasses the production, refining, and distribution of palm oil and its derivatives. This dynamic market is driven by the increasing demand for palm oil in core applications, such as food, cosmetics, and biodiesel. According to recent reports, the food industry accounts for approximately 65% of palm oil consumption, with the biodiesel sector emerging as a significant growth avenue. However, the market faces challenges from environmental concerns, particularly regarding deforestation and plant diversity losses. In 2020, it was estimated that around 10 million hectares of forest were lost due to palm oil cultivation. Despite these challenges, opportunities for sustainable production and innovative technologies continue to unfold, ensuring the market remains a vital and evolving sector in the global economy.

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

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How is the Palm Oil Market Segmented and what are the key trends of market segmentation?

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 Application Insights

The edible oil segment is estimated to witness significant growth during the forecast period.

Palm oil, a widely used edible oil, holds significant importance in various industries, particularly in Asia. Approximately 45% of global palm oil production is attributed to palm fruit oil, primarily used in food processing due to its lower trans fat content and cost-effectiveness. Palm kernel oil, the other form, accounts for around 25% of the production. The food sector's reliance on palm oil is increasing, with an estimated 67% of its usage in food manufacturing. Moreover, the environmental impact of palm oil production is a growing concern. To address this, initiatives focusing on deforestation monitoring, water use efficiency, extraction rate optimization, and carbon footprint reduction are gaining traction.

The industry is also investing in soil nutrient management, palm oil byproducts utilization, and traceability systems to enhance supply chain transparency. The market's future growth is promising, with an anticipated 20% increase in demand for palm oil byproducts in the next five years. Additionally, there is a rising trend towards sustainable palm oil production, with RSPO certification becoming increasingly common. Oil palm cultivation is also evolving, with the adoption of high-yielding varieties, integrated pest management, and oil palm genetics. In terms of production processes, improvements in palm oil fractionation, fertilizer application techniques, biodiesel production, and irrigation efficiency are essential for maintaining competitiveness.

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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.

Furthermore, biomass utilization and palm oil refining are being explored to minimize waste and optimize resource utilization. Smallholder farmers are also receiving support to improve their productivity and sustainability through various initiatives. These efforts aim to ensure the long-term viability of the palm oil industry while minimizing its environmental impact.

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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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The market in the Asia Pacific (APAC) region experiences significant growth, driven by the expanding economies of China, Australia, Thailand, South Ko

Malaysia Palm Kernel Price: Local Ex Mill: Mo Wt Avg: Spot: South data was reported at 1,559.500 MYR/Ton in Oct 2018. This records a decrease from the previous number of 1,787.500 MYR/Ton for Sep 2018. Malaysia Palm Kernel Price: Local Ex Mill: Mo Wt Avg: Spot: South data is updated monthly, averaging 1,148.500 MYR/Ton from Jul 1996 (Median) to Oct 2018, with 268 observations. The data reached an all-time high of 3,673.500 MYR/Ton in Jan 2017 and a record low of 335.000 MYR/Ton in Feb 2001. Malaysia Palm Kernel Price: Local Ex Mill: 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.

Palm Oil Press Market Outlook

The global palm oil press market size was valued at USD 1.25 billion in 2023 and is projected to reach USD 2.10 billion by 2032, growing at a CAGR of 5.6% during the forecast period. The growth of this market is driven by the increasing demand for palm oil, which is a versatile and cost-effective ingredient used in various industries such as food, biofuel, and cosmetics.

The primary growth factor for the palm oil press market is the rising global demand for palm oil. Palm oil is widely used in the food industry for cooking and as an ingredient in a variety of processed foods. Its relatively low cost and high yield make it an attractive option for food manufacturers. Additionally, the biofuel industry has shown increasing interest in palm oil as a renewable energy source, further driving the need for efficient palm oil extraction methods. The cosmetics industry also utilizes palm oil in the production of various skin and hair care products, which adds to the overall demand.

Technological advancements in palm oil press machinery have significantly contributed to market growth. Modern palm oil presses are more efficient, requiring less energy and producing higher oil yields. Innovations such as automatic temperature control and advanced filtering systems have enhanced the quality and purity of the extracted oil. These advancements reduce operational costs and increase the profitability of palm oil extraction, making it a more attractive investment for producers.

Another key growth factor is the expansion of palm oil plantations, particularly in Southeast Asia and Africa. Countries like Indonesia and Malaysia are major producers of palm oil and have invested heavily in expanding their palm oil cultivation areas. This expansion, coupled with supportive government policies and international trade agreements, has created a robust supply chain for palm oil, which in turn drives the demand for palm oil press machinery. Additionally, the rising awareness of sustainable practices in palm oil production has led to the development of eco-friendly and energy-efficient palm oil presses, further boosting market growth.

Regionally, the Asia Pacific region dominates the palm oil press market due to the presence of large palm oil producing countries such as Indonesia and Malaysia. These countries account for the majority of global palm oil production and have a high demand for advanced palm oil press machinery. North America and Europe are also significant markets due to the increasing use of palm oil in the food and cosmetics industries. Latin America and Africa are emerging markets with substantial growth potential, driven by the expansion of palm oil cultivation and increasing investments in palm oil processing infrastructure.

Product Type Analysis

The palm oil press market is segmented by product type into hydraulic palm oil press, screw palm oil press, and combined palm oil press. Each type offers distinct advantages and is suitable for different applications, contributing to the overall growth of the market.

The hydraulic palm oil press is known for its high efficiency and ability to extract oil from high-moisture palm fruits. It operates by applying hydraulic pressure to squeeze the oil out of the palm fruits, resulting in high oil yield and purity. This type of press is particularly popular in regions with small-scale and artisanal palm oil producers, as it is relatively easy to operate and maintain. The demand for hydraulic palm oil presses is expected to grow steadily due to their efficiency and suitability for small to medium-scale production.

The screw palm oil press is another prominent segment, favored for its continuous operation and high throughput. Screw presses use a rotating screw to crush and press the palm fruits, extracting the oil through a perforated barrel. These presses are widely used in large-scale industrial operations due to their ability to handle large volumes of palm fruits efficiently. The increasing demand for palm oil in the food and biofuel industries has driven the adoption of screw presses, which offer a balance between efficiency and cost-effectiveness.

Combined palm oil presses integrate the features of both hydraulic and screw presses, offering versatile and efficient oil extraction solutions. These presses are capable of handling a wide range of palm fruit moisture levels and can be used in various production scales. The combined palm oil press segment is expected to witness significant growth due to its flexibility and adaptabi

MALAYSIA : ANNUAL AVERAGE PRICE OF CRUDE PALM OIL

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).

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 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.

MALAYSIA : MONTHLY AVERAGE PRICE OF OIL PALM PRODUCTS IN 2017 v2

In March 2025, the average crude palm oil export price amounted to $1,075 per ton, waning by -4.3% against the previous month.

In 2024, the Malaysian palm oil market decreased by -27.4% to $3.8B, falling for the second consecutive year after three years of growth. In general, consumption showed a slight reduction. Palm oil consumption peaked at $7.2B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Malaysia Crude Palm Oil Price: Local Delivery: Mo Wt Avg: 2M Forward data was reported at 2,128.000 MYR/Ton in Oct 2018. This records a decrease from the previous number of 2,136.000 MYR/Ton for Sep 2018. Malaysia Crude Palm Oil Price: Local Delivery: Mo Wt Avg: 2M Forward data is updated monthly, averaging 1,951.250 MYR/Ton from Jan 1994 (Median) to Oct 2018, with 298 observations. The data reached an all-time high of 3,784.500 MYR/Ton in Jan 2011 and a record low of 731.000 MYR/Ton in Feb 2001. Malaysia Crude Palm Oil Price: Local Delivery: Mo Wt Avg: 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.

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Sustainable Palm Oil Market Size 2025-2029

The sustainable palm oil market size is forecast to increase by USD 2.54 billion, at a CAGR of 4.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for trans-fat-free products among health-conscious consumers. This trend is leading to a rise in the adoption of sustainable palm oil as a viable alternative to its traditional counterpart. Furthermore, advancements in sustainable cultivation methods are making palm oil production more environmentally friendly, addressing concerns over deforestation and carbon emissions. However, the market faces challenges, including the rising availability of substitutes such as soybean and sunflower oils.
Sustainable palm oil's growing popularity presents a significant market potential for businesses committed to producing and supplying eco-friendly products, while navigating the challenges posed by substitutes and evolving consumer preferences. However, the market faces challenges, including the rising availability of substitutes for sustainable palm oil, such as soybean and sunflower oils. Companies seeking to capitalize on this market's opportunities must stay abreast of these trends and address the challenges effectively through innovation, strategic partnerships, and sustainable business practices.

What will be the Size of the Sustainable 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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The market continues to evolve, shaped by dynamic market forces and shifting industry trends. The complex interplay of carbon emissions, processing technologies, and palm oil derivatives drives innovation in areas such as carbon offsets and renewable energy targets. Palm kernel shells and fiber waste are increasingly being repurposed for biodiesel production and biogas generation, reducing the environmental footprint of palm oil production. Sustainability certifications, such as those focusing on sustainable agricultural practices and peatland protection, are gaining traction. Animal feed and food applications remain significant sectors, with a growing emphasis on traceability systems and supply chain transparency. Palm kernel oil, fresh fruit bunches, and crude palm oil are integral components of this evolving landscape.

Land use change, disease control, and pest management are ongoing concerns, with a focus on sustainable sourcing and brand image. The food industry's increasing demand for sustainable palm oil drives the adoption of segregated palm oil and renewable energy in palm oil mills. Storage facilities and transportation logistics are optimized to minimize water usage and waste. Sustainable agriculture, social impact assessments, and community engagement are essential elements of the circular economy. Renewable energy, biogas generation, and wastewater treatment are integrated into palm oil mill operations to minimize carbon emissions and reduce the environmental footprint. The market's continuous dynamism underscores the importance of ongoing monitoring systems for labor practices, biodiversity conservation, and deforestation monitoring.

How is this Sustainable Palm Oil Industry segmented?

The sustainable palm oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Edible oil
  Surfactants
  Biofuels
  Others


Distribution Channel

  Offline
  Online


End-user

  Household
  Commercial
  Industrial


Geography

  North America

    US


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Indonesia
    Malaysia
    Pakistan


  Rest of World (ROW)

By Type Insights

The edible oil segment is estimated to witness significant growth during the forecast period. Sustainable palm oil production is gaining momentum in the edible oil market due to rising consumer awareness and preference for environmentally responsible and ethically sourced ingredients. This shift is driven by the increasing recognition of the environmental and social issues linked to traditional palm oil production methods. The focus on sustainable practices encompasses various aspects, such as the use of advanced processing technologies, carbon emissions reduction, fair wages for laborers, and effective fiber waste management. Water usage is minimized through recycling processes, while biodiesel production from palm kernel shells contributes to renewable energy targets. Harvesting methods prioritize supply chain transparency and disease control, ensuring the health of oil palm trees and the protection of biodiversity.

Sustainable agricultural practices, including pest manage

Crude Palm Oil (CPO) Market Outlook

In 2023, the global market size of Crude Palm Oil (CPO) was estimated at approximately $70 billion and is projected to reach around $130 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5%. This growth is primarily driven by the increasing demand for biofuels and the expanding food industry, which are significant consumers of crude palm oil. Additionally, the versatility of CPO in various industries, such as personal care and industrial applications, further propels market expansion.

The growth of the CPO market can be attributed to several key factors. Firstly, the burgeoning global population has escalated the demand for food products, leading to a rise in the consumption of palm oil in the food industry. Palm oil is a staple in many processed foods due to its stability and cost-effectiveness. Secondly, the global push towards renewable energy sources has significantly increased the demand for biofuels, with palm oil being a major feedstock for biodiesel production. Government policies and incentives promoting biofuels have further catalyzed this demand, particularly in regions like Europe and North America.

Another significant growth factor is the increasing utilization of crude palm oil in the personal care industry. The oil's moisturizing properties make it an essential ingredient in a variety of skincare and cosmetic products. Additionally, the industrial sector leverages CPO for its lubricating and surfactant properties in manufacturing and other applications. The versatility of palm oil and its derivatives ensures a steady demand across multiple sectors, thus sustaining market growth. Furthermore, advancements in palm oil extraction and refining technologies have enhanced production efficiency, reducing costs and making palm oil more competitive with other vegetable oils.

On the regional front, Asia Pacific dominates the CPO market, with countries like Indonesia and Malaysia being the largest producers and exporters. The region's tropical climate is ideal for oil palm cultivation, which has fostered a robust palm oil industry. Moreover, domestic consumption within these countries is also significant, driven by the food processing and biofuel sectors. In contrast, Europe and North America represent substantial markets for imported palm oil, primarily for biofuels and food applications. These regions have stringent sustainability criteria, which has led to a focus on certified sustainable palm oil, creating a niche market and driving premium pricing for compliant producers.

The process of extracting oil from palm fruits is a crucial step in the production of Crude Palm Oil (CPO). The Palm Oil Press plays a significant role in this stage, as it efficiently separates the oil from the fruit pulp. This machinery is designed to maximize oil yield while minimizing waste, ensuring that the extraction process is both cost-effective and environmentally friendly. Innovations in palm oil press technology have led to enhanced efficiency and reduced energy consumption, aligning with the industry's push towards sustainable practices. As the demand for CPO continues to grow, advancements in palm oil press technology will be pivotal in meeting production needs while adhering to environmental standards.

Product Type Analysis

In the Crude Palm Oil (CPO) market, product types are typically classified into refined and unrefined categories. The refined palm oil segment holds a significant share of the market due to its extensive use in the food industry. Refined palm oil undergoes processes such as bleaching and deodorization to remove impurities and odors, making it suitable for direct consumption and as an ingredient in various food products. This segment benefits from the high demand for processed foods, which utilize refined palm oil for its stable cooking properties and long shelf life. Additionally, the refined oil is favored in personal care and industrial applications due to its purity and consistent quality.

Unrefined crude palm oil, on the other hand, is mainly used in industrial applications and biofuel production. Its less processed nature retains more of the natural vitamins and antioxidants, which are beneficial in certain industrial and personal care applications. The unrefined segment is also crucial for biofuel production, as the raw oil can be directly used or minimally processed to produce biodiesel. The increasing emphasis on renewable energy sources is likely to boost