What is the price of palm oil per kilogram/pound in Indonesia today?
The retail price range for Indonesia palm oil is between US$ 591.34 and US$ 808.58 per kilogram or between US$ 268.18 and US$ 366.70 per pound(lb). Click here to see today's exact prices of palm oil in Indonesia
The retail price range in Rupiah for palm oil is between IDR 9,855,592.75 and IDR 13,476,258.13 per kilogram or between IDR 4,469,656.58 and IDR 6,111,681.69 per pound(lb) in Jakarta and Surabaya.
Wholesale prices
In 2024, the approximate wholesale price range for Indonesia palm oil is between US$ 413.93 and US$ 566.00 per kilogram or between US$ 187.73 and US$ 256.69 per pound(lb).
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Indonesia Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Indonesia over the last five years has seen a steady decline. In 2017, the price was 0.71 US $ per kg, which dropped to 0.53 US $ per kg in 2019. However, the price has seen an increase in the last two years, with 0.68 US $ per kg in 2020 and 1.06 US $ per kg in 2021. The most recent data shows that the export price per kilogram of Palm Oil from Indonesia is 1.13 US $ per kg in 2022. Based on the current trend, it is predicted that the export price per kilogram of Palm Oil from Indonesia will be 1.20 US $ per kg in 2023 and 1.27 US $ per kg in 2024.The Indonesia palm oil exports are categorised as:
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
Indonesia Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Indonesia has seen a steady decline over the past five years. In 2012, the price was 0.94 US dollars per kg, and by 2021, it had dropped to 0.61 US dollars per kg. This downward trend was briefly interrupted in 2020, when the price rose to 0.68 US dollars per kg, before dropping again in 2021 to 1.06 US dollars per kg. The most recent data point, for 2022, shows a slight increase to 1.13 US dollars per kg. Based on this trend, it is likely that the import price per kilogram of Palm Oil into Indonesia will continue to rise in the next two years, with a predicted price of 1.20 US dollars per kg in 2023 and 1.27 US dollars per kg in 2024.Export values for Indonesia palm oil
The total values in export for palm oil in Indonesia were US$ 32,551,906, US$ 41,448,938, US$ 36,458,758 and US$ 31,969,818 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Indonesia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Asia: Kazakhstan palm oil, Kyrgyzstan palm oil, Tajikistan palm oil, Turkmenistan palm oil, Uzbekistan palm oil, China palm oil, Hong Kong palm oil, Macao palm oil, North Korea palm oil & Mongolia palm oil.
Indonesia palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Indonesia shipped 60,433,176 tonnes of palm oil. Through 2019 alone, the demand for Indonesia palm oil (processed category) has gone up, changing by 1.854 percent compared to the year 2018. Between 2017 and 2019, palm oil's exports went up by 3.94 percent bringing Indonesia US$31,969.82m for the year 2019. Indonesia's palm oil exports are categorised as:
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
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Indonesia palm oil export values
In 2019, Indonesia sold palm oil valued at 31,969.82m USD, a drop of -12.31% from 2018's total palm oil export of 36458.758m USD. The yearly change in value of Indonesia palm oil between 2017 to 2018 was -12.039 pc.
The per year change in the amount of Indonesia's palm oil exports between 2017 and 2019 was 3.94% compared to a variation of 1.854% in the period between 2018 and 2019.
Export markets for Indonesia palm oil ( in '000$ )
Indonesia's best performing export markets for palm oil are China, Vietnam, Benin, the Netherlands and US.
Indonesia procured 187,116 tonnes of palm oil in 2019.
Production
The production of palm oil in Indonesia was 1,965,064,704 tonnes in 2019 and is estimated to change by an average of 1.97%. The country had an estimated 117,420,480.00 hectares under palm oil cultivation.