What is the price of palm oil per kilogram/pound in India today?
The retail price range for India palm oil is between US$ 0.62 and US$ 0.71 per kilogram or between US$ 0.28 and US$ 0.32 per pound(lb). Click here to see today's exact prices of palm oil in India
The retail price range in Indian Rupee for palm oil is between INR 51.48 and INR 58.83 per kilogram or between INR 23.34 and INR 26.68 per pound(lb) in New Delhi and Mumbai.
Wholesale prices
In 2024, the approximate wholesale price range for India palm oil is between US$ 0.43 and US$ 0.50 per kilogram or between US$ 0.20 and US$ 0.23 per pound(lb).
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India Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from India over the last five years has seen a steady decline. In 2017, the price was 2.01 US $ per kg, followed by 2.48 US $ per kg in 2018. In 2019, the price dropped to 1.93 US $ per kg and further decreased to 1.05 US $ per kg in 2020. The most recent year, 2021, saw a slight increase to 1.32 US $ per kg. Based on this trend, it is predicted that the export price per kilogram of Palm Oil from India in 2023 will be around 1.20 US $ per kg and in 2024 will be around 1.10 US $ per kg.The India palm oil exports are categorised as:
- 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)
- Crude palm oil (HS code 151110)
India Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into India over the last five years has been quite volatile. In 2016, the price was at its highest at 2.61 US dollars per kg, before dropping to 2.01 US dollars per kg in 2017. The price then rose to 2.48 US dollars per kg in 2018, before dropping again to 1.93 US dollars per kg in 2019. The price then dropped further to 1.05 US dollars per kg in 2020, before rising to 1.32 US dollars per kg in 2021. Based on this trend, it is likely that the price of Palm Oil will continue to fluctuate in the coming years. We can predict that the price of Palm Oil in 2023 will be around 1.50 US dollars per kg, and in 2024 it will be around 1.70 US dollars per kg.Export values for India palm oil
The total values in export for palm oil in India were US$ 635, US$ 435, US$ 350 and US$ 712 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 palm oil in other countries across Asia: Kazakhstan palm oil, Kyrgyzstan palm oil, Tajikistan palm oil, Turkmenistan palm oil, Uzbekistan palm oil, China palm oil, Hong Kong palm oil, Macao palm oil, North Korea palm oil & Mongolia palm oil.
India palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 India sold 369 tonnes of palm oil. For 2019 alone, the market for India palm oil (processed category) has gone up, flactuating by 161.702 pc compared to the year 2018. Between 2017 and 2019, palm oil's exports grew by 70.83% netting the exporter US$0.71m for the year 2019. India's palm oil exports are categorised as:
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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India palm oil export values
In 2019, India shipped palm oil valued at 0.71m USD, a growth of 102.86% from 2018's total palm oil export of 0.35m USD. The yearly increase in value of India palm oil between 2017 to 2018 was -19.54 per cent.
The annual/yearly variation in the amount of India's palm oil exports between 2017 and 2019 was 70.83 per cent when compared to a variation of 161.702% in the growth rate between 2018 and 2019.
Export markets for India palm oil ( in '000$ )
India's top export markets for palm oil are Iran, Bhutan, Nigeria, US and South Korea.
India purchased 369 tonnes of palm oil in 2019.