Palm oil prices averaged USD 1,445 per metric ton in May, down 6.7% from April. On 29 May, the commodity traded at USD 1,530 per metric ton, down 3.2% from 30 April.
In May, palm oil prices edged down after increasing for three consecutive months, but remained above their prior 12-month average; demand for palm-oil-derived biofuel likely remained strong as the Iran war continued to drive up prices for crude oil.
This chart displays Palm Oil (US$/mt) from 2024 to 2026.
Palm Oil (prices in US$/mt, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Palm Oil | - | 1,037 | 1,082 | 1,353 | 1,475 | 1,303 | 1,334 | 1,310 | 1,361 | - | - | - |