What is the price of maize (corn) oil per kilogram/pound in India today?
The retail price range for India maize (corn) oil is between US$ 7.99 and US$ 12.48 per kilogram or between US$ 3.62 and US$ 5.66 per pound(lb). Click here to see today's exact prices of maize (corn) oil in India
The retail price range in Indian Rupee for maize (corn) oil is between INR 661.71 and INR 1,034.18 per kilogram or between INR 300.10 and INR 469.02 per pound(lb) in New Delhi and Mumbai.
Wholesale prices
In 2024, the approximate wholesale price range for India maize (corn) oil is between US$ 5.59 and US$ 8.74 per kilogram or between US$ 2.54 and US$ 3.96 per pound(lb).
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India Maize (corn) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Maize (Corn) Oil from India has seen a steady increase over the last five years. In 2016, the export price was 3.37 US $ per kg, and in 2021 it was 7.65 US $ per kg. This represents an increase of 128.3% over the five year period. The highest export price was in 2021 at 7.65 US $ per kg, while the lowest was in 2020 at 2.00 US $ per kg. Based on this data, it is likely that the export price of Maize (Corn) Oil from India will continue to increase in the coming years, with an estimated price of 8.45 US $ per kg in 2023 and 9.25 US $ per kg in 2024.The India maize (corn) oil exports are categorised as:
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
- Crude maize oil (HS code 151521)
India Maize (corn) Oil Import Prices - Historical, Trends and Prediction
The import price of Maize (Corn) Oil into India has seen a significant fluctuation over the past five years. In 2016, the price was recorded at 3.37 US$ per kg, which was the highest in the five year period. This was followed by a sharp decline in 2017 to 1.51 US$ per kg. In 2018, the price rose again to 7.58 US$ per kg, the highest in the five year period. In 2019, the price dropped to 7.43 US$ per kg and then further declined to 2.00 US$ per kg in 2020. The price has seen a significant increase in 2021 to 7.65 US$ per kg. Based on the trend, it is predicted that the import price of Maize (Corn) Oil into India will be 8.20 US$ per kg in 2023 and 8.75 US$ per kg in 2024.Export values for India maize (corn) oil
The total values in export for maize (corn) oil in India were US$ 273, US$ 119, US$ 91 and US$ 52 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in India: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of maize (corn) oil in other countries across Asia: Kazakhstan maize (corn) oil, Kyrgyzstan maize (corn) oil, Tajikistan maize (corn) oil, Turkmenistan maize (corn) oil, Uzbekistan maize (corn) oil, China maize (corn) oil, Hong Kong maize (corn) oil, Macao maize (corn) oil, North Korea maize (corn) oil & Mongolia maize (corn) oil.
India maize (corn) oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 India shipped 7 tonnes of maize (corn) oil. For 2019 alone, the interest in India maize (corn) oil (processed category) has decreased, recording a change of -41.667 pc compared to the year 2018. Between 2017 and 2019, maize (corn) oil's exports went down by -68.18 pc netting the exporter US$0.05m for the year 2019. India's maize (corn) oil exports are categorised as:
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
- Crude maize oil (HS code 151521)
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India maize (corn) oil export values
In 2019, India shipped maize (corn) oil worth 0.05m USD, a reduction of -45.05% from 2018's total maize (corn) oil export of 0.091m USD. The yearly reduction in value of India maize (corn) oil between 2017 to 2018 was -23.529 pc.
The annual change in the quantity of India's maize (corn) oil exports between 2017 and 2019 was -68.18 per cent in comparison to a variation of -41.667% in the period between 2018 and 2019.
Export markets for India maize (corn) oil ( in '000$ )
India's best performing export markets for maize (corn) oil are Malaysia, Australia, Nepal, Zambia and Egypt.
India procured 7 tonnes of maize (corn) oil in 2019.