Palm tree, vegetable oil that comes from the fruit of oil palm trees

Palm Oil Prices

Palm oil prices averaged USD 1,152 per metric ton in September, up 7.9% from August. On 30 September, the commodity traded at USD 1,230 per metric ton, up 11.3% from 30 August.

September marked the second consecutive month of rising prices and was predominantly driven by expectations of stronger demand ahead. Markets anticipate that imports from India will surge by year-end, buoyed by the upcoming festival season. New stimulus measures adopted in China also lifted demand expectations.

This chart displays Palm Oil (US$/mt) from 2022 to 2024.

Palm Oil (prices in US$/mt, aop)

Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Palm Oil 993 955 961 927 999 1,037 1,082 -

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Price forecasts and historical data for Palm Oil.

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