Palm oil prices averaged USD 1,348 per metric ton in August, up 3.4% from July. On 29 August, the commodity traded at USD 1,350 per metric ton, up 0.7% from 31 July.
Palm oil prices rose to a four-month high in August, buoyed by strong demand. Indian imports rose 16% in August to the highest since July 2024, while Malaysian exports surged from July. Market sentiment also strengthened on expectations of strong demand ahead of the mid-October Diwali festivals in India.
This chart displays Palm Oil (US$/mt) from 2023 to 2025.
Palm Oil (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Palm Oil | - | - | 961 | 927 | 999 | 1,037 | 1,082 | 1,353 | 1,475 | 1,303 | - | - |