India has reduced import tariffs on palm oils alongside soybean oil, while cutting crude sunflower oil tariffs to zero. As the world's largest vegetable oil importer, this lowers landed costs for palm oil and is expected to ease domestic prices amid firm demand.
Indonesia's palm oil exports are projected to fall sharply in 2027 amid lower production and surging domestic biodiesel demand, which is set to reach a record level. Tightening supplies could push palm oil to trade at a premium to soyoil, with El Niño posing an additional supply risk.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Palm Oil | USA | CIF | USD 1,260.99/MT | August 2026 |
| Palm Oil | India | CIF | USD 1,247.39/MT | August 2026 |
| Palm Oil | Netherlands | CIF | USD 1,291.64/MT | August 2026 |
| Palm Oil | China | CIF | USD 1,389.36/MT | August 2026 |
| Palm Oil | Malaysia | FOB | USD 1,181.44/MT | August 2026 |
| Palm Oil | USA | CIF | USD 1,230.24/MT | July 2026 |
| Palm Oil | India | CIF | USD 1,224.14/MT | July 2026 |
| Palm Oil | Netherlands | CIF | USD 1,248.56/MT | July 2026 |
| Palm Oil | China | CIF | USD 1,367.48/MT | July 2026 |
| Palm Oil | Malaysia | FOB | USD 1,164.55/MT | July 2026 |
Stay updated with the latest Palm Oil prices, historical data, and tailored regional analysis
Asia
In Malaysia, palm oil averaged approximately USD 1,164.55/MT (FOB) in July and about USD 1,181.44/MT in August, a rise of ~1.5%. China's average import prices increased around 1.6%, from ~USD 1,367.48/MT (CIF) to ~USD 1,389.36/MT, while India's import prices moved up about 1.9%, from nearly USD 1,224.14/MT (CIF) to roughly USD 1,247.39/MT. Prices were steady in July, as higher Malaysian output and stocks balanced stronger exports. Momentum built in August, when weather concerns and Indonesia's biodiesel policy reduced exportable supply, and fund buying in Chinese vegetable oil futures added support. Indian refiners stocked up for the festival season but also bought large volumes of cheaper soybean oil. By September, high Malaysian inventories and weak demand from India and China pushed prices back down.
Europe
In the Netherlands, average palm oil import prices rose from ~USD 1,248.56/MT (CIF) in July to ~USD 1,291.64/MT in August, a gain of ~3.5%, the largest among the regions. Import costs followed the rally at origin, and lower export forecasts from Indonesia raised concerns over future availability. However, European demand remained limited, as forecasts for regional palm oil imports and consumption were reduced. Preparations for the EU Deforestation Regulation, due in December 2026, also kept buyers focused on compliant supply.
North America
In the USA, average palm oil import prices increased from about USD 1,230.24/MT (CIF) in July to around USD 1,260.99/MT in August, up ~2.5%. Higher origin and energy costs lifted import prices. Demand stayed firm, as palm oil remained much cheaper than US soybean oil, encouraging food and industrial users to use more of it. Forecasts for higher US palm oil imports in the new season also pointed to steady buying interest.
Analyst Insight
According to Procurement Resource, palm oil prices are likely to stay range-bound to slightly softer, as large stocks and improving output offset support from biodiesel demand.
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Asia
In Malaysia, the monthly average Palm Oil price was ~MYR 4.22/kg in April and around MYR 4.35/kg in the subsequent month, showing an increase of ~3.1%. The market was primarily supported by supply-side concerns as El Niño-driven dry weather threatened yields across Southeast Asia, with Indonesia’s crude palm oil output expected to decline by 1–2 MMT, while fertilizer costs remained nearly 30% higher, raising production expenses. Although global production for 2026/27 was projected at 81.361 MMT, export supply continued to rely heavily on Indonesia (24.15 MMT) and Malaysia (15.8 MMT), reinforcing Asia’s role as the global price-setting region. Domestic consumption also remained strong, particularly due to Indonesia’s expanding biodiesel program under the B50 mandate, tightening export availability. However, gains were capped as India’s imports fell to 513,403 MT in April before a partial recovery in May because of subdued institutional demand and substitution toward competing vegetable oils.
Europe
In Germany, the monthly average Palm Oil price was ~EUR 0.94/kg in April and around EUR 0.97/kg in the subsequent month, showing an increase of ~3%. Prices were supported by biofuel-related consumption, although weaker edible oil demand and substitution toward alternative vegetable oils limited upward movement across the region.
North America
In the United States, the monthly average Palm Oil price was ~USD 1,072.48/MT in April and around USD 1,105.66/MT in the subsequent month, showing a slight upward trend. Prices gained support from steady demand in food and oleochemical applications, while palm oil remained less preferred than soybean oil for biofuel blending.
Palm oil is a versatile and widely used vegetable oil derived from the fruit of the oil palm tree. It is commonly found in food products like margarine, snacks, and baked goods, as well as in non-food items such as cosmetics, detergents, and biodiesel. Palm oil is valued for its high yield compared to other vegetable oils, making it an economically significant crop. However, its production has raised environmental concerns, particularly regarding deforestation and habitat destruction in tropical regions.
Wilmar International Ltd, Sime Darby Plantation Berhad, IOI Corporation Berhad, Kuala Lumpur Kepong Berhad, United Plantations Berhad, Kulim (Malaysia) Berhad.
CurrencyUS$ (Data can also be provided in local currency)
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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.
Palm oil has numerous industrial uses beyond the food sector. It is commonly found in cosmetics, soaps, detergents, and toiletries due to its ability to enhance texture and prolong shelf life. In addition, palm oil is used in biodiesel production as a renewable energy source. It also serves as a key ingredient in the manufacturing of lubricants, candles, and pharmaceuticals. Its high yield and versatile properties make palm oil an essential resource for various industries, though environmental concerns surround its production.
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