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Crude Palm Oil Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Crude Palm Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

The benchmark crude palm oil futures fell by more than 30% in July 2022 from their peak in March, owing to rising domestic and export availability in Indonesia. The palm oil price crash was exacerbated by recession fears and aggressive crude palm oil selling from Indonesia.

Malaysian benchmark crude palm oil spot prices reached a high of more than 1,900 USD/MT in early March 2022, and have since averaged around 1,450 USD/MT.
This price increase was driven by a weaker outlook for substitute vegetable oil supply due to uncertainty over sunflower seed oil from Ukraine and Russia, the impact of a drought on South American soybeans, and Indonesia's steps to limit palm oil exports.

Due to higher output, crude palm oil prices are expected to fall gradually, with an average benchmark price of 1,000 USD/MT (RM4,220) in 2022, 700 USD/MT in 2023, and 600 USD/MT thereafter.

The Malaysian palm oil business performed admirably in 2021, particularly the price of crude palm oil (CPO), which increased by 64.1% to  4,407 RM/MT, its highest level in palm oil history, from 2,685.50 RM/MT in 2020. The increased price was due to limited supply availability as a result of the pandemic's labour scarcity.

Due to improved export prices, palm oil and other palm-based product export revenue grew by RM 29.28 billion (40.1%) to RM 102.34 billion in 2021, up from RM73.06 billion in 2020.

Procurement Resource provides latest prices of Crude Palm Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Crude Palm Oil is known as an edible oil that is derived from the pulp of fruit of oil palms. In appearance, the colour of this pulp is red and so is the colour of crude oil. This colour is the result of high inactive vitamin A content. Crude Palm Oil is also known to be distinct from kernel oil or coconut oil.

Product Details

Report Features Details
Product Name Crude Palm Oil
Industrial Uses Frying oil, Personal care and cosmetics (primarily palm kernel oil), Biofuel and energy, Animal feed (palm kernel expeller), Pharmaceutical, Industrial, Foodservice/service industry
Supplier Database FGV Holdings Berhad, IOI Corporation Berhad, Sime Darby Plantation Berhad, Musim Mas Holdings Pt. Ltd, Bumitama Agri Ltd., Adani Group, Emamiltd, Asian Agri, Apical Group Ltd.
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Crude Palm Oil via the Extraction Process.

One of the primary industrial process by which Crude Palm Oil is produced or manufactured is basically the extraction process. It is prepared by deriving or obtaining the oil from the raw palms.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Crude Palm Oil Production Cost Report: Operating Costs, Logistics, Utilities, Manufacturing Process, and Raw Material Requirements See more

Table Of Contents

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