What is the price of palm oil per kilogram/pound in Lebanon today?
The retail price range for Lebanon palm oil is between US$ 0.84 and US$ 1.09 per kilogram or between US$ 0.38 and US$ 0.50 per pound(lb). Click here to see today's exact prices of palm oil in Lebanon
The retail price range in Lebanese Pound for palm oil is between LBP 12,699.33 and LBP 16,538.67 per kilogram or between LBP 5,759.33 and LBP 7,500.53 per pound(lb) in Beirut and Sidon.
Wholesale prices
In 2024, the approximate wholesale price range for Lebanon palm oil is between US$ 0.59 and US$ 0.76 per kilogram or between US$ 0.27 and US$ 0.35 per pound(lb).
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Lebanon Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Lebanon over the last five years has been quite varied. In 2017, the price was 0.90 US $ per kg, followed by a sharp increase to 2.46 US $ per kg in 2018. The price then dropped to 1.98 US $ per kg in 2019, before rising again to 2.39 US $ per kg in 2020. The most recent year, 2021, saw a decrease to 1.22 US $ per kg. Overall, the export price of Palm Oil from Lebanon has been quite volatile over the last five years. Predicted prices for 2023 and 2024 are 1.90 US $ per kg and 2.30 US $ per kg respectively.The Lebanon palm oil exports are classified as:
- 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)
- 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)
Lebanon Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Lebanon over the last five years has been quite varied. In 2017, the price was at its lowest at $0.90, before increasing to $2.46 in 2016. This was followed by a slight decrease to $1.98 in 2019, before rising again to $2.39 in 2020. The most recent year, 2021, saw a significant drop to $1.22. Looking ahead, it is difficult to predict the exact prices for 2023 and 2024. However, based on the data, it is likely that the prices will remain relatively stable, with some minor fluctuations.Export values for Lebanon palm oil
The total values in export for palm oil in Lebanon were US$ 86, US$ 241, US$ 138 and US$ 127 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Lebanon: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Middle East: Bahrain palm oil, Cyprus palm oil, Iraq palm oil, Israel palm oil, Jordan palm oil, Kuwait palm oil, Lebanon palm oil, Palestine palm oil, Oman palm oil & Qatar palm oil.
Lebanon palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Lebanon shipped 64 tonnes of palm oil. Across 2019 alone, the interest in Lebanon palm oil (processed category) has surged, changing by 14.286 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports went down by -76.03 pc bringing the country US$0.13m for the year 2019. Lebanon's palm oil exports are categorised as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm oil (HS code 151110)
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Lebanon palm oil export values
In 2019, Lebanon supplied palm oil worth 0.13m USD, a reduction of -5.80% from 2018's total palm oil export of 0.138m USD. The annual change in value of Lebanon palm oil between 2017 to 2018 was -42.739%.
The annual/yearly variation in the amount of Lebanon's palm oil exports between 2017 and 2019 was -76.03 pc in comparison to a variation of 14.286% in the period between 2018 and 2019.
Export markets for Lebanon palm oil ( in '000$ )
Lebanon's best performing destinations for palm oil are Qatar, Saudi Arabia, Gabon, Benin and Kuwait.
Lebanon bought 19,717 tonnes of palm oil in 2019.