What is the price of palm oil per kilogram/pound in Madagascar today?
The retail price range for Madagascar palm oil is between US$ 0.95 and US$ 0.95 per kilogram or between US$ 0.43 and US$ 0.43 per pound(lb). Click here to see today's exact prices of palm oil in Madagascar
The retail price range in Malagasy Ariary for palm oil is between MGA 4,209.73 and MGA 4,209.73 per kilogram or between MGA 1,909.18 and MGA 1,909.18 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar palm oil is between US$ 0.67 and US$ 0.67 per kilogram or between US$ 0.30 and US$ 0.30 per pound(lb).
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Madagascar Palm Oil Export Prices - Historical, Trends and Prediction
The export price of Palm Oil from Madagascar over the last five years has been relatively stable. In 2017, the price per kilogram was $1.00, followed by $0.92 in 2018, $0.85 in 2019, $0.80 in 2020, and $1.33 in 2021. The highest price was recorded in 2022 at $1.73 per kilogram. Based on this data, it is likely that the export price of Palm Oil from Madagascar will remain relatively stable in the next two years, with an estimated price of $1.73 in 2023 and $1.74 in 2024.The palm oil exports from Madagascar are classified 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)
- 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)
Madagascar Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Madagascar over the last five years has been relatively stable. In 2017, the price was $1.00, followed by $0.92 in 2018, $0.85 in 2019, $0.80 in 2020 and $1.33 in 2021. The highest price was recorded in 2022 at $1.73. Based on this trend, it is likely that the import price per kilogram of Palm Oil into Madagascar in 2023 will be around $1.73 and in 2024 will be around $2.00.Export values for Madagascar palm oil
The total values in export for palm oil in Madagascar were US$ 723, US$ 663, US$ 205 and US$ 205 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Madagascar: 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.
Madagascar palm oil - Production, Exports, Imports, Seasons and HS Codes
The volume of palm oil sold by Madagascar in 2020 was 418 tons. In 2019 Madagascar shipped 242 tonnes of palm oil. Across 2019 alone, the market for Madagascar palm oil (processed category) has escalated, with a change of 9.009 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports decreased by -63.33 percent netting Madagascar US$0.20m for the year 2019. Madagascar's palm oil exports are categorised as:
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
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Madagascar palm oil export values
In 2019, Madagascar sold palm oil valued at 0.20m USD, a decrease of -2.44% from 2018's total palm oil export of 0.205m USD. The yearly reduction in value of Madagascar palm oil between 2017 to 2018 was -69.08 pc.
The annual variation in the amount of Madagascar's palm oil exports between 2017 and 2019 was -63.33 pc when compared to a variation of 9.009% in the growth rate between 2018 and 2019.
Export markets for Madagascar palm oil ( in '000$ )
Madagascar's leading export markets for palm oil are Switzerland, the Netherlands and France.
Madagascar imported 107,191 tonnes of palm oil in 2019.
Production
The production of palm oil in Madagascar was 84,404 tonnes in 2019 and is projected to change by an average of -0.05%. The country had an estimated 7,268.00 hectares under palm oil cultivation.