What is the price of canola oil per kilogram/pound in Malaysia today?
The retail price range for Malaysia canola oil is between US$ 0.43 and US$ 1.32 per kilogram or between US$ 0.20 and US$ 0.60 per pound(lb). Click here to see today's exact prices of canola oil in Malaysia
The retail price range in Malaysian Ringgit for canola oil is between MYR 1.97 and MYR 6.00 per kilogram or between MYR 0.89 and MYR 2.72 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia canola oil is between US$ 0.30 and US$ 0.93 per kilogram or between US$ 0.14 and US$ 0.42 per pound(lb).
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Malaysia Canola Oil Export Prices - Historical, Trends and Prediction
In 2014, the export price of Canola Oil from Malaysia was US$ 7.97 per Kg. In 2015, it was US$ 7.32 per Kg. In 2016, it was US$ 17.12 per Kg. In 2017, it was US$ 28.19 per Kg. In 2018, it was US$ 16.28 per Kg. For 2021, the export price is US$ 8.38 per Kg. For 2023, the predicted export price is US$ 8.38 per Kg.The Malaysia canola oil exports are classified as:
- 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)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- 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)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
Malaysia Canola Oil Import Prices - Historical, Trends and Prediction
The import price of Canola Oil into Malaysia has seen a steady decline over the past five years. In 2016, the import price per kilogram was 1.29 US dollars, which dropped to 1.23 US dollars in 2017. This downward trend continued in 2018, when the price dropped to 1.07 US dollars. In 2019, the price increased slightly to 1.16 US dollars, before rising to 1.50 US dollars in 2020. The most recent data shows that the import price per kilogram of Canola Oil into Malaysia was 2.08 US dollars in 2021. Based on this trend, it is predicted that the import price per kilogram of Canola Oil into Malaysia will be 1.99 US dollars in 2023 and 1.90 US dollars in 2024.Export values for Malaysia canola oil
The total values in export for canola oil in Malaysia were US$ 59,708, US$ 72,779, US$ 80,880 and US$ 75,527 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Malaysia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across Asia: Kazakhstan canola oil, Kyrgyzstan canola oil, Tajikistan canola oil, Turkmenistan canola oil, Uzbekistan canola oil, China canola oil, Hong Kong canola oil, Macao canola oil, North Korea canola oil & Mongolia canola oil.
Malaysia canola oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of canola oil shipped by Malaysia in 2020 was 72,271 tons. In 2019 Malaysia shipped 70,867 tonnes of canola oil. For 2019 alone, the market for Malaysia canola oil (processed category) has gone down, flactuating by -0.02821392 per cent compared to the year 2018. Between 2017 and 2019, canola oil's exports went up by 7.54 pc earning the nation US$75.53m for the year 2019. Malaysia's canola oil exports are classified as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
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Malaysia canola oil export values
In 2019, Malaysia supplied canola oil valued at 75.53m USD, a contraction of -6.61% from 2018's total canola oil export of 80.88m USD. The annual reduction in value of Malaysia canola oil between 2017 to 2018 was 11.131 per cent.
The annual change in the amount of Malaysia's canola oil exports between 2017 and 2019 was 7.54 pc when compared to a variation of -0.02821392% in the growth rate between 2018 and 2019.
Malaysia's stake of the world's total canola oil's exports in 2019 was 5.4%. Malaysia holds position 7 in world exports of canola oil.
Export markets for Malaysia canola oil ( in '000$ )
Malaysia's top export markets for canola oil are New Zealand, the Philippines, Australia, Singapore and Fiji.
Malaysia procured 81,572 tonnes of canola oil in 2019.