Palm oil prices averaged USD 1,552 per metric ton in September, down 3.9% from August. On 30 September, the commodity traded at USD 1,515 per metric ton, down 6.5% from 31 August.
Palm oil prices remained at one of their highest averages in the last five years in September despite easing from August; higher oil prices amid the Iran war stoked demand for biofuel, which can be derived from palm oil. Expectations of El Niño weather curbing output ahead also kept a floor under prices.
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 | - | - | - | 1,353 | 1,475 | 1,303 | 1,334 | 1,310 | 1,361 | 1,524 | 1,587 | - |