What is the price of palm oil per kilogram/pound in DRC Congo today?
The retail price range for DRC Congo palm oil is between US$ 0.98 and US$ 0.98 per kilogram or between US$ 0.45 and US$ 0.45 per pound(lb). Click here to see today's exact prices of palm oil in DRC Congo
The retail price range in Congolese franc for palm oil is between CDF 2,461.75 and CDF 2,461.75 per kilogram or between CDF 1,116.44 and CDF 1,116.44 per pound(lb) in Kinshasa and Lubumbashi.
Wholesale prices
In 2024, the approximate wholesale price range for DRC Congo palm oil is between US$ 0.69 and US$ 0.69 per kilogram or between US$ 0.31 and US$ 0.31 per pound(lb).
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DRC Congo Palm Oil Export Prices - Historical, Trends and Prediction
The export price of Palm Oil from DRC Congo has seen a steady increase over the past five years. In 2018, the price per kilogram was $0.45, which increased to $0.50 in 2019. In 2020, the price rose to $0.55, and in 2021 it further increased to $0.60. The most recent data shows that the export price of Palm Oil from DRC Congo in 2022 was $0.65 per kilogram. Looking ahead, it is likely that the export price of Palm Oil from DRC Congo will continue to increase in the coming years. Predictions suggest that the price per kilogram in 2023 will be around $0.70, and in 2024 it could reach $0.75.The exports of palm oil from DRC Congo are classified as:
- Crude palm kernel and babassu oil (HS code 151321)
- 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)
DRC Congo Palm Oil Import Prices - Historical, Trends and Prediction
The import price of Palm Oil into DRC Congo has seen a steady increase over the past five years. In 2018, the price per kilogram was $0.45, which increased to $0.50 in 2019. In 2020, the price rose to $0.60, and in 2021 it further increased to $0.70. The most recent data shows that the price per kilogram of Palm Oil into DRC Congo was $0.80 in 2022. This steady increase in the import price of Palm Oil into DRC Congo over the past five years is indicative of a positive trend. Based on this trend, it is likely that the price per kilogram of Palm Oil into DRC Congo will continue to increase in the coming years. It is predicted that the price per kilogram of Palm Oil into DRC Congo will reach $0.90 in 2023 and $1.00 in 2024.Export values for DRC Congo palm oil
The total values in export for palm oil in DRC Congo were US$ 133,968, US$ 85,536, US$ 111,216 and US$ 92,672 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in DRC Congo: 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.
DRC Congo palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 DRC Congo exported 131,040 tonnes of palm oil. For the year 2019 alone, the demand for DRC Congo palm oil (processed category) has decreased, with a change of -18.288 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports increased by 22.83 percent bringing the nation US$92.67m for the year 2019. DRC Congo's palm oil exports are categorised as:
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
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DRC Congo palm oil export values
In 2019, DRC Congo supplied palm oil with a value of 92.67m USD, a drop of -16.68% from 2018's total palm oil export of 111.216m USD. The annual reduction in value of DRC Congo palm oil between 2017 to 2018 was 30.022 per cent.
The annual/yearly change in the volume of DRC Congo's palm oil exports between 2017 and 2019 was 22.83 per cent when compared to a variation of -18.288% in the growth rate between 2018 and 2019.
Export markets for DRC Congo palm oil ( in '000$ )
DRC Congo's leading destinations for palm oil are Burundi, Rwanda, Zimbabwe, Belgium and Angola.
DRC Congo imported 1,419,152 tonnes of palm oil in 2019.
Production
The production of palm oil in DRC Congo was 63,718,656 tonnes in 2019 and is projected to change by an average of 0.36%. The country had approximately 9,376,896.00 hectares under palm oil cultivation.