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.

In December 2021, the average retail price of palm oil per kilogram in the capital of India, Delhi, was above ***** Indian rupees. The national average of palm oil retail price per kilogram was more than ***** Indian rupees.

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.

NCDEX: Spot Price: Crude Palm Oil: Kandla: First Session data was reported at 1,172.700 INR/10 kg in 16 May 2025. This records a decrease from the previous number of 1,187.750 INR/10 kg for 15 May 2025. NCDEX: Spot Price: Crude Palm Oil: Kandla: First Session data is updated daily, averaging 954.900 INR/10 kg from Jan 2024 (Median) to 16 May 2025, with 333 observations. The data reached an all-time high of 1,347.900 INR/10 kg in 06 Dec 2024 and a record low of 768.700 INR/10 kg in 03 Jan 2024. NCDEX: Spot Price: Crude Palm Oil: Kandla: First Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

In 2023, the amount of crude palm oil imported into India expanded significantly to 7.1M tons, with an increase of 6.8% compared with the year before.

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.

NCDEX: Spot Price: Crude Palm Oil: Kakinada: First Session data was reported at 1,132.500 INR/10 kg in 16 May 2025. This records a decrease from the previous number of 1,150.000 INR/10 kg for 15 May 2025. NCDEX: Spot Price: Crude Palm Oil: Kakinada: First Session data is updated daily, averaging 917.500 INR/10 kg from Jan 2024 (Median) to 16 May 2025, with 331 observations. The data reached an all-time high of 1,320.000 INR/10 kg in 11 Nov 2024 and a record low of 767.500 INR/10 kg in 04 Jan 2024. NCDEX: Spot Price: Crude Palm Oil: Kakinada: First Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

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).

In 2024, after two years of decline, there was growth in the Indian crude palm oil market, when its value increased by 4.4% to $6.6B. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $7.4B. From 2022 to 2024, the growth of the market failed to regain momentum.

India Retail Price: DCA: Month End: Palm Oil: North Zone data was reported at 128.790 INR/kg in Apr 2025. This records an increase from the previous number of 127.920 INR/kg for Mar 2025. India Retail Price: DCA: Month End: Palm Oil: North Zone data is updated monthly, averaging 84.230 INR/kg from Jan 2014 (Median) to Apr 2025, with 135 observations. The data reached an all-time high of 152.970 INR/kg in May 2022 and a record low of 60.000 INR/kg in Nov 2014. India Retail Price: DCA: Month End: Palm Oil: North Zone data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PC093: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Month End: by Zone.

Palm Oil Price in India - 2023. Find the latest marketing data on the IndexBox platform.

Retail Price: DCA: Daily: Palm Oil: Assam data was reported at 142.060 INR/kg in 12 May 2025. This records a decrease from the previous number of 144.170 INR/kg for 11 May 2025. Retail Price: DCA: Daily: Palm Oil: Assam data is updated daily, averaging 121.150 INR/kg from Oct 2020 (Median) to 12 May 2025, with 1483 observations. The data reached an all-time high of 162.000 INR/kg in 11 Jul 2022 and a record low of 95.000 INR/kg in 04 Nov 2020. Retail Price: DCA: Daily: Palm Oil: Assam data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PC059: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Daily: by States: Palm Oil.

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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

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

In 2023, Malaysia's palm oil exports to India amounted to approximately 10.77 billion Malaysian ringgit. India was Malaysia's largest export market for palm oil in that year, followed by China. India is the world's largest buyer of edible oil.

India Retail Price: DCA: Daily: Palm Oil: North-East Zone: Aizwal data was reported at 78.000 Pack in 08 Jun 2011. This stayed constant from the previous number of 78.000 Pack for 07 Jun 2011. India Retail Price: DCA: Daily: Palm Oil: North-East Zone: Aizwal data is updated daily, averaging 78.000 Pack from May 2011 (Median) to 08 Jun 2011, with 18 observations. The data reached an all-time high of 78.000 Pack in 08 Jun 2011 and a record low of 78.000 Pack in 08 Jun 2011. India Retail Price: DCA: Daily: Palm Oil: North-East Zone: Aizwal data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PB014: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Daily: by Cities: Palm Oil.

NCDEX: Spot Price: Crude Palm Oil: Kandla: Second Session data was reported at 1,169.550 INR/10 kg in 16 May 2025. This records a decrease from the previous number of 1,185.550 INR/10 kg for 15 May 2025. NCDEX: Spot Price: Crude Palm Oil: Kandla: Second Session data is updated daily, averaging 878.375 INR/10 kg from Jan 2023 (Median) to 16 May 2025, with 574 observations. The data reached an all-time high of 1,347.650 INR/10 kg in 06 Dec 2024 and a record low of 756.050 INR/10 kg in 22 Sep 2023. NCDEX: Spot Price: Crude Palm Oil: Kandla: Second Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

Retail Price: DCA: Monthly Average: Palm Oil: All India data was reported at 76.770 INR/kg in Nov 2018. This records a decrease from the previous number of 77.270 INR/kg for Oct 2018. Retail Price: DCA: Monthly Average: Palm Oil: All India data is updated monthly, averaging 67.290 INR/kg from Jan 2009 (Median) to Nov 2018, with 119 observations. The data reached an all-time high of 78.340 INR/kg in Jul 2018 and a record low of 44.000 INR/kg in Feb 2009. Retail Price: DCA: Monthly Average: Palm Oil: All India data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PB061: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Palm Oil.

India's refined palm oil price sees a slight increase, now at $997 per ton. Stay updated on the latest commodity market trends with our comprehensive news coverage.

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