Palm Oil decreased 155 MYR/MT or 3.49% since the beginning of 2025, 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 March of 2025.

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

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 1,070.31 nominal U.S. dollars per metric ton.

Nigeria Commodity Price: Palm Oil data was reported at 873.670 USD/Metric Ton in Jun 2024. This records an increase from the previous number of 859.150 USD/Metric Ton for May 2024. Nigeria Commodity Price: Palm Oil data is updated monthly, averaging 762.830 USD/Metric Ton from Jan 2009 (Median) to Jun 2024, with 186 observations. The data reached an all-time high of 1,776.960 USD/Metric Ton in Mar 2022 and a record low of 483.490 USD/Metric Ton in Sep 2015. Nigeria Commodity Price: Palm Oil data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

The Price of RBD Palm Oil in China for Q4 2023 reached 992 USD/MT in December. In Malaysia, RBD palm oil prices reached 812 USD/MT in December 2023.

Indonesia International Indicators: International Commodity Price: Crude Palm Oil (CPO) data was reported at 1,039.440 USD/Metric Ton in Jan 2025. This records a decrease from the previous number of 1,139.262 USD/Metric Ton for Dec 2024. Indonesia International Indicators: International Commodity Price: Crude Palm Oil (CPO) data is updated monthly, averaging 677.384 USD/Metric Ton from Jan 2014 (Median) to Jan 2025, with 133 observations. The data reached an all-time high of 1,652.529 USD/Metric Ton in Mar 2022 and a record low of 435.238 USD/Metric Ton in Nov 2018. Indonesia International Indicators: International Commodity Price: Crude Palm Oil (CPO) data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAI002: Financial System Statistics: Macroeconomic Indicator.

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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

Nigeria Average Crops Price: Palm Oil data was reported at 718,000.000 NGN/Tonne in 2017. This records an increase from the previous number of 695,701.400 NGN/Tonne for 2016. Nigeria Average Crops Price: Palm Oil data is updated yearly, averaging 170,378.100 NGN/Tonne from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 718,000.000 NGN/Tonne in 2017 and a record low of 51,535.000 NGN/Tonne in 1999. Nigeria Average Crops Price: Palm Oil data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Average Crops Price.

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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.

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

Palm Oil Market Size Value Per Capita in Germany, 2021 Discover more data with ReportLinker!

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

82400 Global import shipment records of Palm Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Oil palm prices may hold up in the medium term, with strong demand from India and China. Yet, like other non-oil commodities, oil palm prices are likely to remain volatile, and to experience a long term relative price decline. (Chapter 3). World prices are not the main problem for small farmers in PNG. Three factors are likely to place a ceiling on the economic benefits for small farmers: (i) small farmers remain at the highly competitive end of a large grower market, with little market power, keeping them as ‘price takers’; (ii) a large monopsony (all consuming), price-fixing corporate mill dominates small farmers, in the PNG ‘nucleus estate and smallholder’ model; and (iii) farmers in the export oriented oil palm business (unlike producers for local markets) are at the bottom end of a very long value chain, where other more powerful participants will always claim the largest ‘slice’ of value in the industry. (Chapter 3). International Finance Institutions (IFIs) – in particular the World Bank and the Asian Development Bank – AusAID and the PNG Government have subsidised and promoted involvement in oil palm in PNG. Their interests (eg. corporate profit, commodification of land and gaining foreign exchange) are not identical to those of small farmers. The IFIs have pushed the interests of foreign-dominated export industries, with less regard for small farmers. (Chapter 4.

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46469 Global export shipment records of Palm Oil Fraction with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

NCDEX: Spot Price: Crude Palm Oil: Kandla: Second Session data was reported at 1,281.250 INR/10 kg in 25 Mar 2025. This records a decrease from the previous number of 1,288.600 INR/10 kg for 24 Mar 2025. NCDEX: Spot Price: Crude Palm Oil: Kandla: Second Session data is updated daily, averaging 873.100 INR/10 kg from Jan 2023 (Median) to 25 Mar 2025, with 541 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.

1739 Global export shipment records of Palm,oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Retail Price: DCA: Daily: Palm Oil: Assam data was reported at 145.130 INR/kg in 22 Mar 2025. This records an increase from the previous number of 142.410 INR/kg for 21 Mar 2025. Retail Price: DCA: Daily: Palm Oil: Assam data is updated daily, averaging 120.405 INR/kg from Oct 2020 (Median) to 22 Mar 2025, with 1432 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.