What is the price of palm oil per kilogram/pound in Senegal today?
The retail price range for Senegal palm oil is between US$ 0.35 and US$ 0.71 per kilogram or between US$ 0.16 and US$ 0.32 per pound(lb). Click here to see today's exact prices of palm oil in Senegal
The retail price range in CFA Franc BCEAO for palm oil is between XOF 210.55 and XOF 433.14 per kilogram or between XOF 95.49 and XOF 196.44 per pound(lb) in Dakar and Touba.
Wholesale prices
In 2024, the approximate wholesale price range for Senegal palm oil is between US$ 0.24 and US$ 0.50 per kilogram or between US$ 0.11 and US$ 0.23 per pound(lb).
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Senegal Palm Oil Export Prices - Historical, Trends and Prediction
The export price of Palm Oil from Senegal over the last five years has seen a steady decline. In 2017, the price per kilogram was 0.53 US dollars, and in 2021 it was 1.22 US dollars. The highest price was in 2020, when it was 1.44 US dollars per kilogram. The lowest price was in 2016, when it was 0.75 US dollars per kilogram. The average price over the last five years was 0.99 US dollars per kilogram. Based on this data, it is predicted that the export price of Palm Oil from Senegal in 2023 will be 1.05 US dollars per kilogram, and in 2024 it will be 0.97 US dollars per kilogram.The exports of palm oil from Senegal are classified as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm oil (HS code 151110)
Senegal Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Senegal over the last five years has seen a steady decline. In 2017, the price was 0.53 US $ per kg, followed by 0.82 US $ per kg in 2018. In 2019, the price dropped to 0.79 US $ per kg and then rose to 1.44 US $ per kg in 2020. The price then decreased to 1.22 US $ per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Palm Oil into Senegal in 2023 will be around 0.90 US $ per kg and in 2024 it will be around 0.70 US $ per kg.Export values for Senegal palm oil
The total values in export for palm oil in Senegal were US$ 2,260, US$ 3,548, US$ 10,436 and US$ 1,412 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Senegal: 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.
Senegal palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Senegal exported 1,776 tonnes of palm oil. For 2019 alone, the interest in Senegal palm oil (processed category) has reduced, with a change of -86.056 percent compared to the year 2018. Between 2017 and 2019, palm oil's exports reduced by -73.74% netting Senegal US$1.41m for the year 2019. Senegal's palm oil exports are categorised as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm oil (HS code 151110)
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Senegal palm oil export values
In 2019, Senegal exported palm oil valued at 1.41m USD, a contraction of -86.49% from 2018's total palm oil export of 10.436m USD. The annual reduction in value of Senegal palm oil between 2017 to 2018 was 194.138 pc.
The yearly change in the amount of Senegal's palm oil exports between 2017 and 2019 was -73.74 percent in comparison to a variation of -86.056% in the period between 2018 and 2019.
Export markets for Senegal palm oil ( in '000$ )
Senegal's top export markets for palm oil are Mali, Bulgaria, Guinea-Bissau, United Kingdom (UK) and Mauritania.
Senegal imported 21,231 tonnes of palm oil in 2019.
Production
The production of palm oil in Senegal was 580,096 tonnes in 2019 and is projected to change by an average of 2.73%. The country had an estimated 50,364.00 hectares under palm oil cultivation.