Palm Oil Price
The world's most-produced vegetable oil by volume, used in food products, cosmetics and biodiesel. Indonesia and Malaysia together supply roughly 85% of global exports, so weather, labor policy and biodiesel mandates in just those two countries move prices more than demand-side shifts do. Competes directly with soybean, sunflower and canola oil in food and fuel markets.
Latest World price (2025-12): -7% vs. the 5-year average, +12% vs. the 10-year average, -18% vs. a year ago.
Price Chart
"World" is the global benchmark price (World Bank Pink Sheet, monthly since 1960, where available). Currency conversion uses monthly ECB reference rates since 1999 (some currencies joined later) — for comparison, not precise historical FX accounting.
Top Producers
- Indonesia — 47,084,299 t
- Malaysia — 18,551,950 t
- Thailand — 3,323,200 t
- Colombia — 1,841,880 t
- Nigeria — 1,460,000 t
FAOSTAT production data, 2023.