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

Palm Oil Prices

Palm oil prices declined steadily in May on higher production, sluggish demand and weaker prices for rival oils. Prices averaged USD 942 per metric ton in May, which was down 7.9% from April’s price and was 44.6% lower than in the same month last year. Moreover, palm oil traded at USD 850 per metric ton on 31 May, which was 13.3% lower than on the same day of the previous month.

This chart displays Palm Oil (US$/mt) from 2021 to 2023.

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

Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
Palm Oil - 1,167 1,218 1,349 1,569 1,659 1,118 1,045

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Price forecasts and historical data for Palm Oil.

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