What is the price of maize (corn) oil per kilogram/pound in New Zealand today?
The retail price range for New Zealand maize (corn) oil is between US$ 2.66 and US$ 3.15 per kilogram or between US$ 1.21 and US$ 1.43 per pound(lb). Click here to see today's exact prices of maize (corn) oil in New Zealand
The retail price range in New Zealand Dollar for maize (corn) oil is between NZD 4.24 and NZD 5.01 per kilogram or between NZD 1.92 and NZD 2.27 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand maize (corn) oil is between US$ 1.86 and US$ 2.20 per kilogram or between US$ 0.85 and US$ 1.00 per pound(lb).
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New Zealand Maize (corn) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Maize (Corn) Oil from New Zealand has seen a steady decline over the last five years. In 2011, the price was 2.75 US dollars per kg, but by 2021, it had dropped to 1.65 US dollars per kg. The lowest price was recorded in 2019, when it was 1.29 US dollars per kg. In 2020, the price rose slightly to 1.4 US dollars per kg, and in 2021, it increased further to 1.65 US dollars per kg. Based on this data, it is predicted that the export price per kilogram of Maize (Corn) Oil from New Zealand will be 1.83 US dollars per kg in 2023 and 2.21 US dollars per kg in 2024.The maize (corn) oil exports from New Zealand are categorised 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)
New Zealand Maize (corn) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Maize (Corn) Oil into New Zealand has seen a steady decline over the last five years. In 2012, the price was 5.50 US dollars per kg, but by 2017, it had dropped to 1.49 US dollars per kg. This downward trend continued in 2018, when the price was 1.52 US dollars per kg, and in 2019, when it was 1.29 US dollars per kg. In 2020, the price rose slightly to 1.40 US dollars per kg, before increasing again in 2021 to 1.65 US dollars per kg. The most recent data shows that the price of Maize (Corn) Oil into New Zealand was 2.03 US dollars per kg in 2022. Based on this trend, it is likely that the price of Maize (Corn) Oil into New Zealand will continue to increase in 2023 and 2024, with an estimated price of 2.20 US dollars per kg and 2.37 US dollars per kg respectively.Export values for New Zealand maize (corn) oil
The total values in export for maize (corn) oil in New Zealand were US$ 33, US$ 73, US$ 97 and US$ 208 in US dollar thousand for the years 2015, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: 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 Oceania: Fiji maize (corn) oil, French Polynesia maize (corn) oil, Guam maize (corn) oil, Micronesia maize (corn) oil, New Caledonia maize (corn) oil, Papua New Guinea maize (corn) oil, Samoa maize (corn) oil, Solomon Islands maize (corn) oil, Tonga maize (corn) oil & Vanuatu maize (corn) oil.
New Zealand maize (corn) oil - Production, Exports, Imports, Seasons and HS Codes
The amount of maize (corn) oil sold by New Zealand in 2020 was 1,092 metric tons. In 2019 New Zealand sold 161 tonnes of maize (corn) oil. In 2019 alone, the market for New Zealand maize (corn) oil (processed category) has increased, changing by 151.562 pc compared to the year 2018. Between 2017 and 2019, maize (corn) oil's exports grew by 228.57 percent earning the exporter US$0.21m for the year 2019. New Zealand's maize (corn) oil exports are categorised as:
- Crude maize oil (HS code 151521)
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
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New Zealand maize (corn) oil export values
In 2019, New Zealand shipped maize (corn) oil costing 0.21m USD, a growth of 116.49% from 2018's total maize (corn) oil export of 0.097m USD. The yearly change in value of New Zealand maize (corn) oil between 2017 to 2018 was 32.877 percent.
The annual variation in the amount of New Zealand's maize (corn) oil exports between 2017 and 2019 was 228.57 per cent when compared to a variation of 151.562% in the growth rate between 2018 and 2019.
Export markets for New Zealand maize (corn) oil ( in '000$ )
New Zealand's top export markets for maize (corn) oil are Australia, Vietnam, China and Tonga.
New Zealand ordered 1,387 tonnes of maize (corn) oil in 2019.