What is the price of maize (corn) oil per kilogram/pound in Singapore today?
The retail price range for Singapore maize (corn) oil is between US$ 0.58 and US$ 0.97 per kilogram or between US$ 0.26 and US$ 0.44 per pound(lb). Click here to see today's exact prices of maize (corn) oil in Singapore
The retail price range in Singapore Dollar for maize (corn) oil is between SGD 0.78 and SGD 1.31 per kilogram or between SGD 0.36 and SGD 0.59 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore maize (corn) oil is between US$ 0.41 and US$ 0.68 per kilogram or between US$ 0.19 and US$ 0.31 per pound(lb).
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Singapore Maize (corn) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Maize (Corn) Oil from Singapore has seen a steady increase over the last five years. In 2017, the price was 0.66 US$ per kg, and in 2021 it had risen to 2.03 US$ per kg. This represents an increase of over 200%. The highest price was seen in 2019, when it was 1.23 US$ per kg. The lowest price was in 2015, when it was 0.63 US$ per kg. Based on this data, it is likely that the export price of Maize (Corn) Oil from Singapore will continue to increase in the coming years, with a predicted price of 2.20 US$ per kg in 2023 and 2.37 US$ per kg in 2024.The exports of maize (corn) oil from Singapore 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)
Singapore Maize (corn) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Maize (Corn) Oil into Singapore has seen a steady decline over the last five years. In 2012, the price was $1.09, dropping to $0.90 in 2013. This trend continued in 2014, when the price fell to $0.74, and in 2015, when it dropped to $0.63. In 2016, the price rose slightly to $0.66, and it remained at this level in 2017. In 2018, the price increased to $0.71, before rising sharply to $1.23 in 2019 and $1.26 in 2020. The most recent data shows that the price has increased again to $2.03 in 2021. Based on this data, it is likely that the import price per kilogram of Maize (Corn) Oil into Singapore will remain relatively high in the next two years. We predict that the price will be around $2.00 in 2023 and $2.05 in 2024.Export values for Singapore maize (corn) oil
The total values in export for maize (corn) oil in Singapore were US$ 8,050, US$ 8,992, US$ 8,184 and US$ 3,528 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Singapore: 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.
Singapore maize (corn) oil - Production, Exports, Imports, Seasons and HS Codes
The volume of maize (corn) oil shipped by Singapore in 2020 was 1,893 tons. In 2019 Singapore shipped 3,083 tonnes of maize (corn) oil. Through 2019 alone, the interest in Singapore maize (corn) oil (processed category) has decreased, flactuating by -73.147 percent compared to the year 2018. Between 2017 and 2019, maize (corn) oil's exports went down by -77.47% earning the nation US$3.53m for the year 2019. Singapore's maize (corn) oil exports are classified as:
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
- Crude maize oil (HS code 151521)
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Singapore maize (corn) oil export values
In 2019, Singapore supplied maize (corn) oil costing 3.53m USD, a contraction of -56.87% from 2018's total maize (corn) oil export of 8.184m USD. The annual change in value of Singapore maize (corn) oil between 2017 to 2018 was -8.986 percent.
The per year change in the volume of Singapore's maize (corn) oil exports between 2017 and 2019 was -77.47 pc compared to a variation of -73.147% in the period between 2018 and 2019.
Singapore's share of the world's total maize (corn) oil's exports in 2019 was less than 1%. The country holds position 13 in world exports of maize (corn) oil.
Export markets for Singapore maize (corn) oil ( in '000$ )
Singapore's best performing destinations for maize (corn) oil are Malaysia, Indonesia, the Philippines, Kuwait and Bahrain.
Import/Export Trends
Singapore is a net importer of maize (corn) oil. The annual growth of Singapore maize (corn) oil in value between 2015 to 2019 was 97%, per annum, while annual growth in quantity through the same period was 145%, per annum.
Singapore purchased 45,554 tonnes of maize (corn) oil in 2019.