What is the price of palm oil per kilogram/pound in Cameroon today?
The retail price range for Cameroon palm oil is between US$ 0.68 and US$ 0.87 per kilogram or between US$ 0.31 and US$ 0.39 per pound(lb). Click here to see today's exact prices of palm oil in Cameroon
The retail price range in CFA Franc BEAC for palm oil is between XAF 422.36 and XAF 543.04 per kilogram or between XAF 191.55 and XAF 246.28 per pound(lb) in Yaoundé and Douala.
Wholesale prices
In 2024, the approximate wholesale price range for Cameroon palm oil is between US$ 0.47 and US$ 0.61 per kilogram or between US$ 0.21 and US$ 0.28 per pound(lb).
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Cameroon Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Cameroon has seen a steady decline over the last five years. In 2016, the price was 1.49 US $ per kg, and in 2021 it was 1.55 US $ per kg. This represents a 4.7% increase in the price of Palm Oil from Cameroon over the last five years. However, the price has been quite volatile, with a low of 0.89 US $ per kg in 2020 and a high of 1.98 US $ per kg in 2013. Based on this data, it is likely that the export price per kilogram of Palm Oil from Cameroon will remain relatively stable in the next two years, with an estimated price of 1.54 US $ per kg in 2023 and 1.53 US $ per kg in 2024.The palm oil exports from Cameroon are categorised as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- 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)
- Crude palm kernel and babassu oil (HS code 151321)
Cameroon Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Cameroon has seen a steady decline over the past five years. In 2016, the price was 1.49 US dollars per kg, and in 2021, it was 1.55 US dollars per kg. This represents a decrease of 4.7% over the five-year period. The lowest price was recorded in 2018, when the price was 0.96 US dollars per kg. This was a decrease of 38.2% from the 2016 price. The highest price was recorded in 2021, when the price was 1.55 US dollars per kg. This was an increase of 4.7% from the 2016 price. Based on this trend, it is predicted that the import price per kilogram of Palm Oil into Cameroon in 2023 will be 1.48 US dollars per kg, and in 2024 will be 1.42 US dollars per kg.Export values for Cameroon palm oil
The total values in export for palm oil in Cameroon were US$ 4,702, US$ 3,312, US$ 6,874 and US$ 9,306 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Cameroon: 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.
Cameroon palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Cameroon shipped 13,244 tonnes of palm oil. For 2019 alone, the demand for Cameroon palm oil (processed category) has escalated, flactuating by 80.584 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports went up by 472.84% netting the nation US$9.31m for the year 2019. Cameroon's palm oil exports are classified as:
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
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Cameroon palm oil export values
In 2019, Cameroon sold palm oil costing 9.31m USD, a growth of 35.44% from 2018's total palm oil export of 6.874m USD. The yearly growth in value of Cameroon palm oil between 2017 to 2018 was 107.548 pc.
The annual/yearly variation in the volume of Cameroon's palm oil exports between 2017 and 2019 was 472.84 percent compared to a variation of 80.584% in the period between 2018 and 2019.
Export markets for Cameroon palm oil ( in '000$ )
Cameroon's top destinations for palm oil are Morocco, the Netherlands, United Kingdom (UK), Portugal and Germany.
Cameroon imported 53,638 tonnes of palm oil in 2019.
Production
The production of palm oil in Cameroon was 17,323,896 tonnes in 2019 and is projected to change by an average of 0.22%. The country had an estimated 1,240,000.00 hectares under palm oil cultivation.