Palm Oil rose to 4,474 MYR/T on September 2, 2025, up 2.22% from the previous day. Over the past month, Palm Oil's price has risen 6.88%, and is up 13.76% 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 September of 2025.

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.

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.

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.

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. .

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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)

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In September 2022, the refined palm oil price amounted to $1,055 per ton (CIF, India), dropping by -10.1% against the previous month.

Sunflower Oil rose to 1,359 INR/10 kg on September 1, 2025, up 0.07% from the previous day. Over the past month, Sunflower Oil's price has risen 5.43%, and is up 45.13% compared to the same time last year, 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.

Okomu Oil Palm stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Discover how the demand for crude palm oil in Japan is driving market growth, with a projected increase in consumption and value over the next decade.

Malaysian palm oil production is at risk due to ageing trees and farmer reluctance, threatening global supply and impacting vegetable oil markets.

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 September in 2025.

In April 2023, the crude palm oil price amounted to $951 per ton (FOB, Thailand), increasing by 3% against the previous month.

Okomu Oil Palm reported NGN216.21M in Interest Expense on Debt for its fiscal quarter ending in September of 2024. Data for Okomu Oil Palm | OKOMUOIL - Interest Expense On Debt including historical, tables and charts were last updated by Trading Economics this last September in 2025.

Learn about the projected growth of the palm oil market in the United States, with expectations of a 3.0% increase in consumption volume and a 4.5% increase in market value from 2024 to 2035.

Okomu Oil Palm reported NGN5.52B in Cash and Equivalent for its fiscal quarter ending in September of 2024. Data for Okomu Oil Palm | OKOMUOIL - Cash And Equivalent including historical, tables and charts were last updated by Trading Economics this last September in 2025.

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

Learn about the expected upward trend in the United States market for crude palm oil, with a projected increase in volume to 29K tons and market value to $46M by 2035.

In July 2023, Palm Oil price remained the same at $1,284 per ton (FOB, Thailand), compared to the previous month.