What is the price of palm oil per kilogram/pound in Colombia today?
The retail price range for Colombia palm oil is between US$ 5.58 and US$ 5.92 per kilogram or between US$ 2.53 and US$ 2.68 per pound(lb). Click here to see today's exact prices of palm oil in Colombia
The retail price range in Unidad de Valor Real for palm oil is between COP 25,360.11 and COP 26,903.77 per kilogram or between COP 11,501.19 and COP 12,201.26 per pound(lb) in Bogotá and Medellín.
Wholesale prices
In 2024, the approximate wholesale price range for Colombia palm oil is between US$ 3.91 and US$ 4.14 per kilogram or between US$ 1.77 and US$ 1.88 per pound(lb).
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Colombia palm oil - Production, Exports, Imports, Seasons and HS Codes
The amount of palm oil shipped by Colombia in 2020 was 1,382,374 metric tonnes. In 2019 Colombia shipped 1,446,438 tonnes of palm oil. In 2019 alone, the market for Colombia palm oil (processed category) has decreased, changing by -7.725 percent compared to the year 2018. Between 2017 and 2019, palm oil's exports grew by 16.17 percent earning the nation US$815.45m for the year 2019. Colombia's palm oil exports are categorised as:
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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Colombia palm oil export values
In 2019, Colombia shipped palm oil costing 815.45m USD, a reduction of -23.28% from 2018's total palm oil export of 1062.864m USD. The yearly change in value of Colombia palm oil between 2017 to 2018 was 14.011 per cent.
The yearly variation in the volume of Colombia's palm oil exports between 2017 and 2019 was 16.17% in comparison to a variation of -7.725% in the period between 2018 and 2019.
Export markets for Colombia palm oil ( in '000$ )
Colombia's best performing destinations for palm oil are the Netherlands, Mexico, Brazil, Germany and Italy.
Colombia ordered 473,164 tonnes of palm oil in 2019.
Production
The production of palm oil in Colombia was 67,122,512 tonnes in 2019 and is projected to change by an average of 1.49%. The country had an estimated 4,032,936.00 hectares under palm oil cultivation.