Palm Oil rose to 4,298 MYR/T on August 8, 2025, up 1.34% from the previous day. Over the past month, Palm Oil's price has risen 3.34%, and is up 14.74% 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.

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.

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.

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.

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.

The size of the Indonesia Palm Oil Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.4 % during the forecast period. Indonesia is the world's largest producer and exporter of palm oil, which is a versatile vegetable oil obtained from the fruit of the oil palm tree. Palm oil contributes significantly to the economy of Indonesia, as millions of smallholder farmers rely on it for their livelihoods, thus supporting the country's agricultural sector. The oil is used in a wide range of products, such as food, cosmetics, biodiesel, and household goods, because of its affordability, stability, and high yield. However, Indonesia's palm oil industry is highly criticized due to its contribution to deforestation, biodiversity loss, and carbon emissions. In turn, the Indonesian government and various stakeholders in the industry are engaged in sustainability efforts, including ISPO certification for sustainable palm oil production. With these challenges aside, the demand for palm oil remains strong and continues to increase, especially in emerging markets and for biofuel applications. Indonesia remains a key player in the global market for palm oil as sustainability efforts advance. Recent developments include: On December 2023, First Resources, a major palm oil producer, acquired plantation assets in Indonesia. This acquisition marks a significant move in the company’s expansion strategy and further solidifies its position in the palm oil industry. , On September 2023, Unilever partnered with a government-owned Indonesian palm oil plantation, PT. Perkebunan Nusantara III (Persero), to accelerate sustainable palm oil production in Indonesia. This collaboration aims to improve transparency in the supply chain and make sustainable palm oil more mainstream. , On February 2023, Fastmarkets acquired Palm Analytics, a Singaporean company specializing in prices, data, and news on palm oils and its derivatives. This acquisition allows Fastmarkets to expand its coverage of the market and provide its customers with a more comprehensive suite of services. .

Discover how the palm oil market is set to experience growth driven by increasing demand in China. With a projected CAGR of +1.5% in volume and +2.5% in value over the next decade, the market is expected to reach 4.4M tons and $4.6B by 2035 respectively.

Discover the latest trends in the crude palm oil market in the Asia-Pacific region. Find out about the projected consumption growth and market performance forecast for the next decade.

Learn about the increasing demand for refined palm oil in the United States and how the market is expected to grow over the next decade, with a projected volume of 9.3M tons and a value of $11.9B by 2035.

Learn about the expected growth of the palm oil market in China over the next decade, driven by rising demand. Forecasts predict a steady increase in market volume and value, with a projected CAGR of +1.5% and +3.0% respectively.

Learn about the expected growth in the palm oil market over the next six years, driven by increasing global demand. Market volume is projected to reach 100 million tons and market value to hit $115.3 billion by 2030.

Discover the latest projections for the global crude palm oil market, with anticipated growth in both volume and value terms over the next six-year period. A CAGR of +3.7% is forecasted for market volume, reaching 102M tons by 2030, while a CAGR of +5.9% is expected for market value, reaching $101.2B.

According to Cognitive Market Research, the global Specialty Oils Market size will be USD 15342.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 8.20% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 5676.84 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 4449.41 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 3682.27 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 583.03 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2033.
The Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 613.71 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2033.
Africa had a market share of around 2.2% of the global revenue and was estimated at a market size of USD 337.54 million in 2025. It will grow at a compound annual growth rate (CAGR) of 7.9% from 2025 to 2033.
Palm oil is the fastest growing segment of the Specialty Oils Market industry

Market Dynamics of Specialty Oils Market

Key Drivers for Specialty Oils Market

Rising Demand for Natural and Plant-Based Oils in Cosmetics and Personal Care Is Expected To Boost Market Growth

The growing consumer preference for natural, organic, and plant-based products is a significant driver for the Specialty oils market. Specialty oils such as argan, jojoba, and marula oils are highly valued for their skin-nourishing and therapeutic properties, making them popular ingredients in cosmetics, skincare, and haircare formulations. Consumers increasingly seek clean-label and sustainable products, pushing manufacturers to incorporate these Specialty oils into formulations to meet market expectations. This shift is also fueled by rising awareness of the adverse effects of synthetic chemicals, driving demand for safer, eco-friendly alternatives. The expanding global beauty and personal care industry, particularly in emerging markets with rising disposable incomes and urbanization, further propels the Specialty oils market. In February 2024, Chevron Lummus Global initiated operations of the largest special food grade type white oil hydroprocessing unit at Hongrun Petrochemical (Weifang) Co., Ltd. located in China ?.

https://www.chevronlummus.com/news-resources/news-releases/chevron-lummus-global-and-hongrun-petrochemical-successfully-commission-the-world-s-largest-all-hydr”/

Growing Applications of Specialty Oils in Food and Nutraceuticals To Boost Market Growth

Specialty oils are increasingly utilized in the food and nutraceutical sectors due to their rich nutritional profiles, including high concentrations of essential fatty acids, antioxidants, vitamins, and bioactive compounds. Oils like flaxseed, evening primrose, and black seed oil are prized for their health benefits, such as anti-inflammatory properties and cardiovascular support, which appeal to health-conscious consumers. The global trend toward functional foods and dietary supplements is fueling demand for Specialty oils as key ingredients to enhance the nutritional value of products. Additionally, the increasing prevalence of lifestyle-related diseases such as obesity, diabetes, and heart conditions encourages consumers to adopt healthier diets, further supporting Specialty oil consumption. Innovations in extraction technologies that preserve oil quality and efficacy are also enabling the development of diverse products, contributing to the expansion of the Specialty oils market in food and nutraceutical applications.

Restraint Factor for the Specialty Oils Market

High Production and Processing Costs Will Limit Market Growth

Specialty oils often require advanced extraction and refining techniques to preserve their unique properties and nutritional benefits. These processes, such as cold-pressing, solvent extraction, or supercritical CO2 extraction, are typically more expensive than conventional oil production methods. Additionally, Specialty oils frequently originate from rare or limited raw materials, ...

Okomu Oil Palm reported NGN633.47M in Trade Creditors for its fiscal quarter ending in March of 2025. Data for Okomu Oil Palm | OKOMUOIL - Trade Creditors including historical, tables and charts were last updated by Trading Economics this last August in 2025.

Learn about the forecasted increase in demand for crude palm oil in the UK, with the market expected to grow steadily over the next decade. By 2035, market volume is projected to reach 215K tons and market value to reach $252M.

Okomu Oil Palm reported NGN164.83B in Assets for its fiscal quarter ending in March of 2025. Data for Okomu Oil Palm | OKOMUOIL - Assets including historical, tables and charts were last updated by Trading Economics this last August in 2025.

The article discusses the expected upward consumption trend of the crude palm oil market in the European Union over the next decade, driven by rising demand. It projects a slight increase in market performance with a forecasted CAGR of +0.5% in volume and +1.7% in value from 2024 to 2035, leading to a market volume of 2.2M tons and a market value of $2.7B by the end of 2035.

Okomu Oil Palm reported NGN4.35B in Trade Debtors for its fiscal quarter ending in March of 2025. Data for Okomu Oil Palm | OKOMUOIL - Trade Debtors including historical, tables and charts were last updated by Trading Economics this last July in 2025.

Discover the latest trends in the crude palm oil market in Africa and how it is expected to grow over the next decade. By 2035, the market volume is projected to reach 5.6M tons with a value of $6.5B.

Okomu Oil Palm reported NGN11.41B in Pre-Tax Profit for its fiscal quarter ending in September of 2024. Data for Okomu Oil Palm | OKOMUOIL - Pre Tax Profit including historical, tables and charts were last updated by Trading Economics this last August in 2025.