What is the price of palm oil per kilogram/pound in Dominican Republic today?
The retail price range for Dominican Republic palm oil is between US$ 0.87 and US$ 1.07 per kilogram or between US$ 0.40 and US$ 0.48 per pound(lb). Click here to see today's exact prices of palm oil in Dominican Republic
The retail price range in Dominican peso for palm oil is between DOP 47.60 and DOP 58.18 per kilogram or between DOP 21.59 and DOP 26.39 per pound(lb) in Santo Domingo and Santiago de los Caballeros.
Wholesale prices
In 2024, the approximate wholesale price range for Dominican Republic palm oil is between US$ 0.61 and US$ 0.75 per kilogram or between US$ 0.28 and US$ 0.34 per pound(lb).
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Dominican Republic Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Dominican Republic over the last five years has been quite varied. In 2017, the price was 1.63 US $ per kg, followed by a decrease to 1.15 US $ per kg in 2018. In 2019, the price increased to 2.01 US $ per kg, before dropping to 1.66 US $ per kg in 2020. The price then rose again to 1.76 US $ per kg in 2021. Based on this data, it is likely that the export price per kilogram of Palm Oil from Dominican Republic will remain relatively stable in the next two years, with an estimated price of 1.76 US $ per kg in 2023 and 1.78 US $ per kg in 2024.Dominican Republic Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Dominican Republic over the last five years has been quite varied. In 2016, the price was 2.19 US dollars per kg, followed by a decrease to 1.63 US dollars per kg in 2017. In 2018, the price dropped further to 1.15 US dollars per kg, before increasing to 2.01 US dollars per kg in 2019. The price then dropped again to 1.66 US dollars per kg in 2020, before increasing to 1.76 US dollars per kg in 2021. Based on this trend, it is likely that the price of Palm Oil in Dominican Republic will remain around the 1.7 US dollars per kg mark in 2023 and 2024.Export values for Dominican Republic palm oil
The total values in export for palm oil in the Dominican Republic were US$ 1,071, US$ 6,358, US$ 2,630 and US$ 2,103 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Dominican Republic: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Caribbean: Aruba palm oil, Bahamas palm oil, Barbados palm oil, Cuba palm oil, Dominican Republic palm oil, Grenada palm oil, Guadeloupe palm oil, Haiti palm oil, Jamaica palm oil & Martinique palm oil.
Dominican Republic palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 The Dominican Republic shipped 1,046 tonnes of palm oil. In 2019 alone, the interest in the Dominican Republic palm oil (processed category) has decreased, with a change of -54.123 pc compared to the year 2018. Between 2017 and 2019, palm oil's exports reduced by -73.23 pc netting the Dominican Republic US$2.10m for the year 2019. the Dominican Republic's palm oil exports are classified as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
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Dominican Republic palm oil export values
In 2019, the Dominican Republic supplied palm oil valued at 2.10m USD, a reduction of -20.15% from 2018's total palm oil export of 2.63m USD. The yearly change in value of the Dominican Republic palm oil between 2017 to 2018 was -58.635 percent.
The per year change in the amount of the Dominican Republic's palm oil exports between 2017 and 2019 was -73.23% compared to a variation of -54.123% in the period between 2018 and 2019.
Export markets for Dominican Republic palm oil ( in '000$ )
the Dominican Republic brought in 41,067 tonnes of palm oil in 2019.
Production
The production of palm oil in the Dominican Republic was 1,153,648 tonnes in 2019 and is estimated to change by an average of 1.2%. The country had approximately 82,736.00 hectares under palm oil cultivation.