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

Palm Oil Prices

Palm oil prices weakened in August on lower prices for rival oils and a poor macroeconomic outlook. Prices averaged USD 949 per metric ton in August, down 2.3% from July’s price and 12.0% lower year on year. Meanwhile, palm oil traded at USD 963 per metric ton on 31 August, 1.3% higher month on 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 - - 1,218 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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