What is the price of canola oil per kilogram/pound in Ghana today?
The retail price range for Ghana canola oil is between US$ 4.91 and US$ 9.82 per kilogram or between US$ 2.23 and US$ 4.45 per pound(lb). Click here to see today's exact prices of canola oil in Ghana
The retail price range in Ghana Cedi for canola oil is between GHS 52.78 and GHS 105.56 per kilogram or between GHS 23.94 and GHS 47.87 per pound(lb) in Accra and Kumasi.
Wholesale prices
In 2024, the approximate wholesale price range for Ghana canola oil is between US$ 3.44 and US$ 6.87 per kilogram or between US$ 1.56 and US$ 3.12 per pound(lb).
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Ghana Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from Ghana over the last five years has been quite varied. In 2010, the price was 0.75 US dollars per kg, which then rose to 19.08 US dollars per kg in 2012. This was followed by a sharp decrease to 1.06 US dollars per kg in 2013. The price then dropped to an all-time low of 0.02 US dollars per kg in 2014, before increasing to 1.14 US dollars per kg in 2015. The price then dropped again to 0.45 US dollars per kg in 2016, before rising to 2.00 US dollars per kg in 2017 and 2018. The price has remained steady at 2.00 US dollars per kg in 2019. Based on this data, it is likely that the export price per kilogram of Canola Oil from Ghana will remain steady at 2.00 US dollars per kg in 2023 and 2024.The canola oil exports from Ghana are categorised as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
Ghana Canola Oil Import Prices - Historical, Trends and Prediction
The import price of Canola Oil into Ghana over the last five years has been quite varied. In 2015, the price was $1.14 per kg, followed by a sharp drop to $0.45 in 2016. In 2017, the price rose to $2.00 per kg, before dropping again to $1.32 in 2018. The price then rose again to $2.00 in 2019. Overall, the import price of Canola Oil into Ghana has been quite volatile over the last five years. If this trend continues, we can expect the price of Canola Oil to be around $2.20 per kg in 2023 and $2.40 per kg in 2024.Export values for Ghana canola oil
The total values in export for canola oil in Ghana were US$ 49, US$ 6, US$ 41 and US$ 6 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Ghana: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across Africa: Algeria canola oil, Angola canola oil, Botswana canola oil, Burundi canola oil, Cameroon canola oil, Cape Verde canola oil, Central African Republic canola oil, Comoros canola oil, DRC Congo canola oil & Benin canola oil.
Ghana canola oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ghana exported 3 tonnes of canola oil. In 2019 alone, the market for Ghana canola oil (processed category) has shrunk, with a change of -90.323 % compared to the year 2018. Between 2017 and 2019, canola oil's exports remained stable at 0% earning Ghana US$0.01m for the year 2019. Ghana's canola oil exports are classified as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
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Ghana canola oil export values
In 2019, Ghana supplied canola oil valued at 0.01m USD, a decrease of -75.61% from 2018's total canola oil export of 0.041m USD. The yearly reduction in value of Ghana canola oil between 2017 to 2018 was 583.333 per cent.
The yearly variation in the amount of Ghana's canola oil exports between 2017 and 2019 was 0 pc when compared to a variation of -90.323% in the growth rate between 2018 and 2019.
Ghana's portion of the world's total canola oil's exports in 2019 was less than 1%. Ghana is ranked position 112 in world exports of canola oil.
Export markets for Ghana canola oil ( in '000$ )
Ghana's leading export markets for canola oil are Ivory Coast (Côte d'Ivoire
), Benin, United Kingdom (UK), Italy and US.
Import/Export Trends
Ghana is a net importer of canola oil. The annual growth of Ghana canola oil in value between 2015 to 2019 was -57%, per year, while annual growth in quantity for the same period was -18%, per annum.
Ghana ordered 119 tonnes of canola oil in 2019.