What is the price of maize (corn) oil per kilogram/pound in Malaysia today?
The retail price range for Malaysia maize (corn) oil is between US$ 0.58 and US$ 0.68 per kilogram or between US$ 0.26 and US$ 0.31 per pound(lb). Click here to see today's exact prices of maize (corn) oil in Malaysia
The retail price range in Malaysian Ringgit for maize (corn) oil is between MYR 2.63 and MYR 3.08 per kilogram or between MYR 1.19 and MYR 1.40 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia maize (corn) oil is between US$ 0.41 and US$ 0.47 per kilogram or between US$ 0.18 and US$ 0.22 per pound(lb).
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Malaysia Maize (corn) Oil Export Prices - Historical, Trends and Prediction
In 2015, the export price of Maize (Corn) Oil from Malaysia was US$ 5.96 per Kg. In 2016, the export price was US$ 8.32 per Kg. In 2017, the export price was US$ 7.01 per Kg. In 2018, the export price was US$ 5.79 per Kg. In 2019, the export price was US$ 5.55 per Kg. For the year 2023, the predicted export price of Maize (Corn) Oil from Malaysia is US$ 4.63 per Kg.The maize (corn) oil exports from Malaysia are classified as:
- Crude maize oil (HS code 151521)
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
Malaysia Maize (corn) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Maize (Corn) Oil into Malaysia has seen a steady decline over the last five years. In 2011, the price was 3.57 US dollars per kg, but by 2021, it had dropped to just 2.45 US dollars per kg. The price then dropped further to 0.48 US dollars per kg in 2018, before increasing to 0.75 US dollars per kg in 2019 and 0.98 US dollars per kg in 2020. The most recent data shows that the price of Maize (Corn) Oil into Malaysia is currently 2.45 US dollars per kg. Based on the data, it is likely that the price of Maize (Corn) Oil into Malaysia will continue to remain low in the coming years. We predict that the price for 2023 will be around 0.90 US dollars per kg and for 2024 it will be around 0.80 US dollars per kg.Export values for Malaysia maize (corn) oil
The total values in export for maize (corn) oil in Malaysia were US$ 17,688, US$ 21,874, US$ 24,585 and US$ 18,532 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 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.
Malaysia maize (corn) oil - Production, Exports, Imports, Seasons and HS Codes
The volume of maize (corn) oil sold by Malaysia in 2020 was 9,256 metric tons. In 2019 Malaysia exported 19,917 tonnes of maize (corn) oil. Through 2019 alone, the demand for Malaysia maize (corn) oil (processed category) has shrunk, with a change of -48.813 pc compared to the year 2018. Between 2017 and 2019, maize (corn) oil's exports reduced by -21.73% netting the nation US$18.53m for the year 2019. Malaysia's maize (corn) oil exports are classified as:
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
- Crude maize oil (HS code 151521)
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Malaysia maize (corn) oil export values
In 2019, Malaysia exported maize (corn) oil costing 18.53m USD, a contraction of -24.63% from 2018's total maize (corn) oil export of 24.585m USD. The annual change in value of Malaysia maize (corn) oil between 2017 to 2018 was 12.394 per cent.
The yearly variation in the volume of Malaysia's maize (corn) oil exports between 2017 and 2019 was -21.73 per cent compared to a variation of -48.813% in the period between 2018 and 2019.
Malaysia's stake of the world's total maize (corn) oil's exports in 2019 was less than 1%. The country holds position 22 in world exports of maize (corn) oil.
Export markets for Malaysia maize (corn) oil ( in '000$ )
Malaysia's top destinations for maize (corn) oil are Singapore, the Philippines, Indonesia, Australia and Bahrain.
Import/Export Trends
Malaysia is a net importer of maize (corn) oil. The annual growth of Malaysia maize (corn) oil in value between 2015 to 2019 was -61%, per annum, while annual growth in quantity through the same period was -56%, per annum.
Malaysia purchased 21,742 tonnes of maize (corn) oil in 2019.