What is the price of palm oil per kilogram/pound in Bahrain today?
The retail price range for Bahrain palm oil is between US$ 1.37 and US$ 2.15 per kilogram or between US$ 0.62 and US$ 0.98 per pound(lb). Click here to see today's exact prices of palm oil in Bahrain
The retail price range in Bahraini Dinar for palm oil is between BHD 0.51 and BHD 0.81 per kilogram or between BHD 0.23 and BHD 0.37 per pound(lb) in Manama and Riffa.
Wholesale prices
In 2024, the approximate wholesale price range for Bahrain palm oil is between US$ 0.96 and US$ 1.51 per kilogram or between US$ 0.43 and US$ 0.68 per pound(lb).
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Bahrain Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Bahrain has seen a steady increase over the last five years. In 2017, the price was 2.00 US$ per kg, followed by 1.93 US$ per kg in 2018. In 2019, the price dropped to 1.00 US$ per kg, before increasing to 1.16 US$ per kg in 2020. The most recent data shows that the price has decreased to 0.64 US$ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Palm Oil from Bahrain will be 0.58 US$ in 2023 and 0.52 US$ in 2024.The palm oil exports from Bahrain are classified as:
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm oil (HS code 151110)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
Bahrain Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Bahrain over the last five years has been relatively stable. In 2016, the price was $1.00, followed by a slight increase to $2.00 in 2017. The price then decreased to $1.93 in 2018 and further decreased to $1.00 in 2019. In 2020, the price increased to $1.16 and then decreased to $0.64 in 2021. Looking ahead, it is likely that the import price per kilogram of Palm Oil into Bahrain will remain relatively stable in the next two years. We predict that the price will be $1.16 in 2023 and $1.00 in 2024.Export values for Bahrain palm oil
The total values in export for palm oil in Bahrain were US$ 2, US$ 8, US$ 27 and US$ 89 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Bahrain: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Middle East: Bahrain palm oil, Cyprus palm oil, Iraq palm oil, Israel palm oil, Jordan palm oil, Kuwait palm oil, Lebanon palm oil, Palestine palm oil, Oman palm oil & Qatar palm oil.
Bahrain palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Bahrain exported 89 tonnes of palm oil. For 2019 alone, the demand for Bahrain palm oil (processed category) has climbed, flactuating by 535.714 percent compared to the year 2018. Between 2017 and 2019, palm oil's exports grew by 2125 pc bringing the country US$0.09m for the year 2019. Bahrain's palm oil exports are categorised as:
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
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Bahrain palm oil export values
In 2019, Bahrain sold palm oil costing 0.09m USD, an increase of 233.33% from 2018's total palm oil export of 0.027m USD. The annual growth in value of Bahrain palm oil between 2017 to 2018 was 237.5%.
The per year change in the quantity of Bahrain's palm oil exports between 2017 and 2019 was 2125 per cent in comparison to a variation of 535.714% in the period between 2018 and 2019.
Export markets for Bahrain palm oil ( in '000$ )
Bahrain's best performing export markets for palm oil are Pakistan, United Arab Emirates (UAE) and Saudi Arabia.
Bahrain procured 14,006 tonnes of palm oil in 2019.