What is the price of palm oil per kilogram/pound in Nigeria today?
The retail price range for Nigeria palm oil is between US$ 1.90 and US$ 4.76 per kilogram or between US$ 0.86 and US$ 2.16 per pound(lb). Click here to see today's exact prices of palm oil in Nigeria
The retail price range in Naira for palm oil is between NGN 877.70 and NGN 2,194.24 per kilogram or between NGN 398.05 and NGN 995.12 per pound(lb) in Abuja and Lagos.
Wholesale prices
In 2024, the approximate wholesale price range for Nigeria palm oil is between US$ 1.33 and US$ 3.33 per kilogram or between US$ 0.60 and US$ 1.51 per pound(lb).
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Nigeria Palm Oil Export Prices - Historical, Trends and Prediction
The export price of Palm Oil from Nigeria has seen a steady increase over the past five years. In 2018, the export price per kilogram was $0.90, which increased to $1.02 in 2019. In 2020, the price rose to $1.17, and in 2021 it further increased to $1.30. The most recent data shows that the export price per kilogram of Palm Oil from Nigeria in 2022 was $1.45. This represents a steady increase of over 60% in the past five years. Based on this trend, it is likely that the export price per kilogram of Palm Oil from Nigeria will continue to increase in the next two years, reaching approximately $1.60 in 2023 and $1.75 in 2024.Nigeria Palm Oil Import Prices - Historical, Trends and Prediction
The import price of Palm Oil into Nigeria has seen a steady increase over the past five years. In 2018, the import price per kilogram was $0.45, which increased to $0.50 in 2019. In 2020, the price rose to $0.60, and in 2021 it further increased to $0.70. This year, the import price per kilogram of Palm Oil into Nigeria is $0.80. This steady increase in the import price of Palm Oil into Nigeria over the past five years is indicative of a positive trend. It is likely that this trend will continue in the coming years, and we can expect the import price per kilogram of Palm Oil into Nigeria to reach $0.90 in 2023 and $1.00 in 2024.Export values for Nigeria palm oil
Prices of other produce in the Processed category in Nigeria: 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.
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