What is the price of palm oil per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka palm oil is between US$ 0.60 and US$ 0.87 per kilogram or between US$ 0.27 and US$ 0.40 per pound(lb). Click here to see today's exact prices of palm oil in Sri Lanka
The retail price range in Sri Lanka Rupee for palm oil is between LKR 184.78 and LKR 268.23 per kilogram or between LKR 83.80 and LKR 121.65 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka palm oil is between US$ 0.42 and US$ 0.61 per kilogram or between US$ 0.19 and US$ 0.28 per pound(lb).
Related: Kenya Palm Oil prices, South Africa Palm Oil prices, Malaysia Palm Oil prices, Philippines Palm Oil prices, India Palm Oil prices, United Arab Emirates (UAE) Palm Oil prices, Canada Palm Oil prices, US Palm Oil prices, Australia Palm Oil prices, New Zealand Palm Oil prices, Germany Palm Oil prices, Netherlands Palm Oil prices, Spain Palm Oil prices, United Kingdom (UK) Palm Oil prices,
Price Finder Tool
Search for prices of Sri Lanka palm oil and other products in different countries.
Sri Lanka Palm Oil Export Prices - Historical, Trends and Prediction
The export price of Palm Oil from Sri Lanka over the last five years has been quite varied. In 2012, the price per kilogram was 1.13 US dollars. This increased to 1.31 US dollars in 2013, before dropping to 0.99 US dollars in 2014. In 2015, the price spiked to 5.00 US dollars, before dropping to 0.69 US dollars in 2016 and 0.76 US dollars in 2017. The price then increased to 1.02 US dollars in 2019 and 1.36 US dollars in 2020. Based on this data, it is predicted that the export price of Palm Oil from Sri Lanka in 2023 will be 1.50 US dollars per kilogram and in 2024 will be 1.64 US dollars per kilogram.The Sri Lanka palm oil exports are classified as:
- 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)
- 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)
Sri Lanka Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Sri Lanka over the last five years has been quite varied. In 2016, the price was at its lowest at 0.69 US $ per kg, before increasing to 0.76 US $ per kg in 2017. The price then rose to 1.02 US $ per kg in 2019, before reaching its highest point of 1.36 US $ per kg in 2020. This represents an increase of almost 95% from the 2016 price. Based on this trend, it is likely that the import price per kilogram of Palm Oil into Sri Lanka will continue to increase in the coming years. We can predict that the price in 2023 will be around 1.60 US $ per kg and in 2024 it will be around 1.80 US $ per kg.Export values for Sri Lanka palm oil
The total values in export for palm oil in Sri Lanka were US$ 59, US$ 16, US$ 1,932 and US$ 713 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Sri Lanka: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Asia: Kazakhstan palm oil, Kyrgyzstan palm oil, Tajikistan palm oil, Turkmenistan palm oil, Uzbekistan palm oil, China palm oil, Hong Kong palm oil, Macao palm oil, North Korea palm oil & Mongolia palm oil.
Sri Lanka palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka exported 464 tonnes of palm oil. For 2019 alone, the interest in Sri Lanka palm oil (processed category) has shrunk, flactuating by -14.706 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports grew by 2109.52 pc earning the exporter US$0.71m for the year 2019. Sri Lanka's palm oil exports are classified as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
Are you a producer of palm oil or other products?
Sign up today for FREE to buy or sell palm oil.
Sri Lanka palm oil export values
In 2019, Sri Lanka supplied palm oil with a value of 0.71m USD, a reduction of -63.25% from 2018's total palm oil export of 1.932m USD. The annual change in value of Sri Lanka palm oil between 2017 to 2018 was 11975 percent.
The yearly change in the quantity of Sri Lanka's palm oil exports between 2017 and 2019 was 2109.52 per cent compared to a variation of -14.706% in the period between 2018 and 2019.
Sri Lanka's share of the world's total palm oil's exports in 2019 was less than 1%. The country holds number 47 in world exports of palm oil.
Export markets for Sri Lanka palm oil ( in '000$ )
Sri Lanka's leading destinations for palm oil are Germany, Australia, Chile, United Arab Emirates (UAE) and Canada.
Sri Lanka brought in 161,178 tonnes of palm oil in 2019.