What is the price of palm oil per kilogram/pound in Cambodia today?
The retail price range for Cambodia palm oil is between US$ 0.61 and US$ 1.20 per kilogram or between US$ 0.28 and US$ 0.55 per pound(lb). Click here to see today's exact prices of palm oil in Cambodia
The retail price range in Riel for palm oil is between KHR 2,545.73 and KHR 5,010.63 per kilogram or between KHR 1,154.52 and KHR 2,272.40 per pound(lb) in Phnom Penh and Siem Reap.
Wholesale prices
In 2024, the approximate wholesale price range for Cambodia palm oil is between US$ 0.43 and US$ 0.84 per kilogram or between US$ 0.19 and US$ 0.38 per pound(lb).
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Cambodia Palm Oil Export Prices - Historical, Trends and Prediction
The export price of Palm Oil from Cambodia over the last five years has seen a steady decline. In 2017, the price was 0.58 US $ per kg, dropping to 0.48 US $ per kg in 2018. The price then rose slightly to 0.55 US $ per kg in 2020, before increasing to 0.96 US $ per kg in 2021. Based on this trend, it is predicted that the export price of Palm Oil from Cambodia in 2023 will be 0.45 US $ per kg and in 2024 will be 0.38 US $ per kg.The Cambodia palm oil exports are classified as:
- 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)
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
Cambodia Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Cambodia has seen a steady decline over the past five years. In 2017, the price was 0.58 US dollars per kg, followed by 0.48 US dollars per kg in 2018. In 2019, the price dropped to 0.42 US dollars per kg, and then increased to 0.55 US dollars per kg in 2020. The most recent data shows that the price of Palm Oil imports into Cambodia is 0.96 US dollars per kg in 2021. Based on the data, it is likely that the price of Palm Oil imports into Cambodia will remain relatively stable in the next two years. We can predict that the price of Palm Oil imports into Cambodia in 2023 will be around 0.55 US dollars per kg, and the price in 2024 will be around 0.58 US dollars per kg.Export values for Cambodia palm oil
The total values in export for palm oil in Cambodia were US$ 14,380, US$ 25,051, US$ 23,936 and US$ 27,585 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Cambodia: 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.
Cambodia palm oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of palm oil sold by Cambodia in 2020 was 56,577 metric tonnes. In 2019 Cambodia sold 65,271 tonnes of palm oil. For the year 2019 alone, the interest in Cambodia palm oil (processed category) has escalated, flactuating by 30.126 percent compared to the year 2018. Between 2017 and 2019, palm oil's exports went up by 50.57 percent bringing Cambodia US$27.58m for the year 2019. Cambodia's palm oil exports are classified as:
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
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Cambodia palm oil export values
In 2019, Cambodia shipped palm oil valued at 27.58m USD, a surge of 15.22% from 2018's total palm oil export of 23.936m USD. The yearly change in value of Cambodia palm oil between 2017 to 2018 was -4.451%.
The annual change in the amount of Cambodia's palm oil exports between 2017 and 2019 was 50.57 percent when compared to a variation of 30.126% in the growth rate between 2018 and 2019.
Export markets for Cambodia palm oil ( in '000$ )
Cambodia's leading destinations for palm oil are Malaysia, South Korea, Switzerland, Kenya and Spain.
Cambodia imported 5,587 tonnes of palm oil in 2019.
Production
The production of palm oil in Cambodia was 640,000 tonnes in 2019 and is predicted to change by an average of 0%. The country had approximately 59,408.00 hectares under palm oil cultivation.