What is the price of palm oil per kilogram/pound in Solomon Islands today?
The retail price range for Solomon Islands palm oil is between US$ 0.66 and US$ 1.08 per kilogram or between US$ 0.30 and US$ 0.49 per pound(lb). Click here to see today's exact prices of palm oil in Solomon Islands
The retail price range in Solomon Islands Dollar for palm oil is between SBD 5.54 and SBD 9.04 per kilogram or between SBD 2.51 and SBD 4.10 per pound(lb) in Honiara and Malango.
Wholesale prices
In 2024, the approximate wholesale price range for Solomon Islands palm oil is between US$ 0.46 and US$ 0.76 per kilogram or between US$ 0.21 and US$ 0.34 per pound(lb).
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Prices of other produce in the Processed category in Solomon Islands: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Oceania: Fiji palm oil, French Polynesia palm oil, Guam palm oil, Micronesia palm oil, New Caledonia palm oil, Papua New Guinea palm oil, Samoa palm oil, Solomon Islands palm oil, Tonga palm oil & Vanuatu palm oil.
Solomon Islands palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Solomon Islands shipped 45,737 tonnes of palm oil. In 2019 alone, the demand for Solomon Islands palm oil (processed category) has climbed, flactuating by 79.178 percent compared to the year 2018. Between 2017 and 2019, palm oil's exports grew by 21.37 pc earning the nation US$28.74m for the year 2019. Solomon Islands' palm oil exports are categorised as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
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Solomon Islands palm oil export values
In 2019, Solomon Islands supplied palm oil worth 28.74m USD, a growth of 9.05% from 2018's total palm oil export of 26.355m USD. The yearly growth in value of Solomon Islands palm oil between 2017 to 2018 was -16.394 per cent.
The yearly variation in the amount of Solomon Islands' palm oil exports between 2017 and 2019 was 21.37 pc when compared to a variation of 79.178% in the growth rate between 2018 and 2019.
Export markets for Solomon Islands palm oil ( in '000$ )
Solomon Islands' leading destinations for palm oil are the Netherlands, Switzerland, United Kingdom (UK), Spain and Germany.
Solomon Islands brought in 2,124 tonnes of palm oil in 2019.
Production
The production of palm oil in Solomon Islands was 1,235,796 tonnes in 2019 and is estimated to change by an average of 3.63%. The country had approximately 88,000.00 hectares under palm oil cultivation.