In December 2021, the average retail price of palm oil per kilogram in the capital of India, Delhi, was above 113.7 Indian rupees. The national average of palm oil retail price per kilogram was more than 120.3 Indian rupees.

Palm Oil fell to 4,120 MYR/T on June 24, 2025, down 0.12% from the previous day. Over the past month, Palm Oil's price has risen 7.60%, and is up 6.85% 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 June of 2025.

Wholesale Price: DCA: Daily: Palm Oil: South Zone: Thiruchirapalli data was reported at 6,300.000 INR/Quintal in 30 Nov 2018. This records a decrease from the previous number of 6,500.000 INR/Quintal for 29 Nov 2018. Wholesale Price: DCA: Daily: Palm Oil: South Zone: Thiruchirapalli data is updated daily, averaging 6,484.000 INR/Quintal from Sep 2010 (Median) to 30 Nov 2018, with 2288 observations. The data reached an all-time high of 8,351.000 INR/Quintal in 06 Aug 2018 and a record low of 4,633.000 INR/Quintal in 18 Oct 2010. Wholesale Price: DCA: Daily: Palm Oil: South Zone: Thiruchirapalli 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.PC014: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Daily: by Cities: Palm Oil.

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.

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.

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.

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 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.

Wholesale Price: DCA: Daily: Palm Oil: North Zone: Bhatinda data was reported at 5,556.000 INR/Quintal in 22 Aug 2014. This stayed constant from the previous number of 5,556.000 INR/Quintal for 20 Aug 2014. Wholesale Price: DCA: Daily: Palm Oil: North Zone: Bhatinda data is updated daily, averaging 5,714.000 INR/Quintal from Sep 2010 (Median) to 22 Aug 2014, with 178 observations. The data reached an all-time high of 6,044.000 INR/Quintal in 16 Jan 2014 and a record low of 5,000.000 INR/Quintal in 22 May 2014. Wholesale Price: DCA: Daily: Palm Oil: North Zone: Bhatinda 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.PC014: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Daily: by Cities: Palm Oil.

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.

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.

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

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

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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 market presents a dynamic and complex landscape for global investors and businesses. Key drivers include the increasing consumer awareness and preference for palm oil due to its health benefits, particularly in food and cosmetic industries. This trend is expected to continue, providing significant growth opportunities for market participants. However, challenges persist, with concerns over deforestation and the resulting losses in plant diversity threatening the industry's sustainability and reputation. To navigate these challenges, companies must adopt responsible sourcing practices and invest in sustainable production methods. The emergence of a new growth avenue for palm oil in the biodiesel sector further underscores the market's potential. As the demand for renewable energy sources continues to rise, the integration of palm oil into the biodiesel value chain offers a strategic opportunity for market players. Companies seeking to capitalize on these trends and mitigate risks should focus on innovation, transparency, and collaboration with stakeholders to ensure long-term success.

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

Request Free SampleThe market encompasses the production and trade of palm fruits and their derived oils, including crude palm oil, RBD palm oil, palm kernel oil, and unrefined palm oil. Palm oil is a widely used edible vegetable oil, prominent in various industries such as food, cosmetics, and biodiesel. Its versatility is evident in its application in diverse products, from instant noodles and confectionery to soaps and cosmetics. The market size is substantial, with continued growth driven by increasing demand for edible oils, particularly in developing countries. Palm oil's affordability and high energy value make it a preferred choice for industries and households alike. However, concerns over sustainability and environmental impacts, such as deforestation and the conversion of tropical forests, have led to a growing focus on sustainable and organic production. Palm oil competes with other edible oils like rapeseed oil, mineral oil, and unrefined palm oil. Health-conscious consumers are increasingly seeking alternatives to palm oil due to its association with heart disease. Despite these challenges, the market remains dynamic, with ongoing research and development efforts aimed at improving production methods and addressing sustainability concerns.

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. ApplicationEdible oilSurfactantsBio-dieselOthersTypeConventionalOrganicGeographyAPACChinaIndiaIndonesiaMalaysiaPakistanMiddle East and AfricaQatarUAEEuropeGermanyUKNorth AmericaSouth America

By Application Insights

The edible oil segment is estimated to witness significant growth during the forecast period.Palm oil is a widely used edible oil, predominantly sourced from the palm fruit and palm kernel. Palm fruit oil is primarily utilized for cooking and is a common ingredient in various food products, particularly in Asian markets. Compared to other hydrogenated oils, palm oil is considered healthier due to its lower trans fat content. The affordability of palm oil, as a vegetable oil, has also contributed to its expanding market share. With significant production volumes, palm oil plays a substantial role in the food processing sector. Its versatility extends beyond cooking, as it is also used in the production of instant noodles, oleochemicals, biodiesel fuel, and various consumer goods. The market encompasses both conventional and organic segments, with a growing emphasis on sustainable and eco-friendly production methods. The health benefits of palm oil, including its nutritional value and uses in personal care products, further underscore its importance in various industries.

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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.

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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Palm oil is a versatile vegetable oil derived from the fruits of the oil palm tree. The primary contributors to the expansion of the market in the APAC region are China, Australia, Thail

The Indian palm oil market is poised for significant growth, with a current market value of approximately $12 billion in 2024. This sector is projected to expand substantially, with a forecasted value of around $25 billion by 2034, indicating a compound annual growth rate (CAGR) of approximately 8.1% during the period from 2025 to 2034.

8169 Global export shipment records of Palm Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.

93430 Global import shipment records of Palm Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The Wholesale Price Index of edible oils across India during financial year 2024 was 145. An overall increase in the price index was seen over the years from financial year 2013 till 2022 in the country. Edible oils refers to vegetable and animal oils and fats.

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.