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.

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

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

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.

Why did the Palm Oil Price Change in July 2025? Palm oil spot prices in North America experienced a generally stable to slightly downward trend during Q2 2025, with an average charge of approximately -3.61%.

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

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.

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

Graph and download economic data for Global price of Palm Oil (PPOILUSDQ) from Q1 1990 to Q2 2025 about oil, World, food, and price.

This statistic depicts the average monthly prices for palm oil worldwide from January 2014 through June 2025. In June 2025, the average monthly price for palm oil worldwide stood at ****** nominal U.S. dollars per metric ton.

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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 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.

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.

In Q1 2025, the palm oil market in North America experienced steady demand amidst constrained supply from local producers, which created upward price pressures. Market sentiment reflected cautious optimism due to potential export restrictions and regulatory shifts in key producing countries, which could lead to tighter availability. Furthermore, shifts in the production of competing vegetable oils and fluctuations in currency exchange rates influenced import costs, adding complexity to market dynamics.

Sunflower Oil rose to 1,294.80 INR/10 kg on August 7, 2025, up 0.38% from the previous day. Over the past month, Sunflower Oil's price has risen 4.44%, and is up 45.43% 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.

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

The global palm oil market is expected to grow from USD 76.8 billion in 2025 to USD 119.1 billion by 2035, reflecting a CAGR of 4.5%.

Attributes	Description
Estimated Market Size (2025E)	USD 76.8 billion
Projected Market 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%

The Palm Oil Market report segments the industry into Product Type (Palm Kernel Oil, Crude Palm Oil, Others), Nature (Conventional, Organic), Application (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, Biofuels, Others), and Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa). Includes historical data and five-year forecasts.

This dataset provides values for PALM OIL reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Why did the Palm Kernel Oil Price Change in July 2025? Palm Kernel Oil spot price trends in North America showed an overall downward trajectory in Q2 2025, with an average quarter-over-quarter price decline of approximately 7.8%, ending June near USD 1695/MT.