What is the price of peanut (groundnut) oil per kilogram/pound in Malaysia today?
The retail price range for Malaysia peanut (groundnut) oil is between US$ 2.37 and US$ 2.52 per kilogram or between US$ 1.08 and US$ 1.14 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in Malaysia
The retail price range in Malaysian Ringgit for peanut (groundnut) oil is between MYR 10.76 and MYR 11.41 per kilogram or between MYR 4.88 and MYR 5.18 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia peanut (groundnut) oil is between US$ 1.66 and US$ 1.76 per kilogram or between US$ 0.75 and US$ 0.80 per pound(lb).
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Malaysia Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
In 2021 the export price of Peanut (Groundnut) Oil from Malaysia was US$ 3.32 per Kg. In 2020, the export price was US$ 3.50 per Kg, in 2019 it was US$ 3.76 per Kg, in 2018 it was US$ 2.36 per Kg, and in 2017 it was US$ 1.93 per Kg. For 2023, the predicted export price of Peanut (Groundnut) Oil from Malaysia is US$ 3.50 per Kg.The Malaysia peanut (groundnut) oil exports are categorised as:
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
- Crude groundnut oil (HS code 150810)
Malaysia Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into Malaysia has seen a significant fluctuation over the past five years. In 2011, the price was 1.63 US dollars per kg, followed by a sharp drop to 0.15 US dollars per kg in 2012. The price then increased to 0.17 US dollars per kg in 2013, before skyrocketing to 661.00 US dollars per kg in 2014. This was followed by a decrease to 5.49 US dollars per kg in 2015, and then a further decrease to 1.78 US dollars per kg in 2016. The price then increased to 2.94 US dollars per kg in 2017, before dropping to 2.72 US dollars per kg in 2018. The price then increased to 3.42 US dollars per kg in 2019, and then decreased to 3.08 US dollars per kg in 2020. The price then dropped to 2.95 US dollars per kg in 2021, before dropping to 0.00 US dollars per kg in 2022. Based on this data, it is predicted that the import price per kilogram of Peanut (Groundnut) Oil into Malaysia will remain at 0.00 US dollars per kg in 2023, and will increase to 0.17 US dollars per kg in 2024.Export values for Malaysia peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in Malaysia were US$ 1,311, US$ 1,227, US$ 1,280 and US$ 1,332 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 peanut (groundnut) oil in other countries across Asia: Kazakhstan peanut (groundnut) oil, Kyrgyzstan peanut (groundnut) oil, Tajikistan peanut (groundnut) oil, Turkmenistan peanut (groundnut) oil, Uzbekistan peanut (groundnut) oil, China peanut (groundnut) oil, Hong Kong peanut (groundnut) oil, Macao peanut (groundnut) oil, North Korea peanut (groundnut) oil & Mongolia peanut (groundnut) oil.
Malaysia peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
The amount of peanut (groundnut) oil exported by Malaysia in 2020 was 705 metric tonnes. In 2019 Malaysia sold 541 tonnes of peanut (groundnut) oil. For 2019 alone, the demand for Malaysia peanut (groundnut) oil (processed category) has gone up, flactuating by 10.408 percent compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports went up by 24.08 pc netting the country US$1.33m for the year 2019. Malaysia's peanut (groundnut) oil exports are classified as:
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
- Crude groundnut oil (HS code 150810)
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Malaysia peanut (groundnut) oil export values
In 2019, Malaysia sold peanut (groundnut) oil worth 1.33m USD, an improvement of 3.91% from 2018's total peanut (groundnut) oil export of 1.28m USD. The annual change in value of Malaysia peanut (groundnut) oil between 2017 to 2018 was 4.319 percent.
The annual change in the volume of Malaysia's peanut (groundnut) oil exports between 2017 and 2019 was 24.08 per cent compared to a variation of 10.408% in the period between 2018 and 2019.
Export markets for Malaysia peanut (groundnut) oil ( in '000$ )
Malaysia's best performing destinations for peanut (groundnut) oil are Singapore, Japan, New Zealand, Cambodia and Thailand.
Malaysia ordered 2,041 tonnes of peanut (groundnut) oil in 2019.