What is the price of palm oil per kilogram/pound in Burundi today?
The retail price range for Burundi palm oil is between US$ 0.97 and US$ 0.97 per kilogram or between US$ 0.44 and US$ 0.44 per pound(lb). Click here to see today's exact prices of palm oil in Burundi
The retail price range in Burundi Franc for palm oil is between BIF 2,688.33 and BIF 2,688.33 per kilogram or between BIF 1,219.20 and BIF 1,219.20 per pound(lb) in Bujumbura and Gitega.
Wholesale prices
In 2024, the approximate wholesale price range for Burundi palm oil is between US$ 0.68 and US$ 0.68 per kilogram or between US$ 0.31 and US$ 0.31 per pound(lb).
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Burundi Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Burundi over the last five years has seen a significant fluctuation. In 2016, the price was 3.87 US $ per kg, followed by a peak of 6.4 US $ per kg in 2017. The price then dropped to 0.98 US $ per kg in 2018 and further to 0.73 US $ per kg in 2019. The lowest price was recorded in 2020, at 0.19 US $ per kg. The price has since increased to 0.86 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Palm Oil from Burundi will be around 1.20 US $ per kg in 2023 and 1.50 US $ per kg in 2024.The palm oil exports from Burundi are categorised as:
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
- 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)
Burundi Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Burundi has seen a significant fluctuation over the past five years. In 2016, the price was at its highest at 3.87 US $ per kg, before dropping to 0.09 US $ per kg in 2015. The price then rose again to 6.4 US $ per kg in 2017, before dropping to 0.98 US $ per kg in 2018. In 2019, the price was 0.73 US $ per kg, and in 2020, it was 0.19 US $ per kg. The price then rose to 0.86 US $ per kg in 2021. Based on this data, it is predicted that the import price per kilogram of Palm Oil into Burundi will be 1.02 US $ per kg in 2023 and 1.17 US $ per kg in 2024.Export values for Burundi palm oil
The total values in export for palm oil in Burundi were US$ 418, US$ 448, US$ 334 and US$ 188 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Burundi: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Africa: Algeria palm oil, Angola palm oil, Botswana palm oil, Burundi palm oil, Cameroon palm oil, Cape Verde palm oil, Central African Republic palm oil, Comoros palm oil, DRC Congo palm oil & Benin palm oil.
Burundi palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Burundi sold 256 tonnes of palm oil. Through 2019 alone, the demand for Burundi palm oil (processed category) has decreased, flactuating by -24.706 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports grew by 265.71 percent netting the country US$0.19m for the year 2019. Burundi's palm oil exports are classified as:
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
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Burundi palm oil export values
In 2019, Burundi exported palm oil costing 0.19m USD, a reduction of -43.11% from 2018's total palm oil export of 0.334m USD. The annual reduction in value of Burundi palm oil between 2017 to 2018 was -25.446%.
The annual change in the amount of Burundi's palm oil exports between 2017 and 2019 was 265.71 pc compared to a variation of -24.706% in the period between 2018 and 2019.
Export markets for Burundi palm oil ( in '000$ )
Burundi's best performing destinations for palm oil are Tanzania, DRC Congo, Burundi, India and Rwanda.
Burundi procured 22,430 tonnes of palm oil in 2019.
Production
The production of palm oil in Burundi was 708,592 tonnes in 2019 and is projected to change by an average of 0.05%. The country had approximately 71,520.00 hectares under palm oil cultivation.