What is the price of palm oil per kilogram/pound in Thailand today?
The retail price range for Thailand palm oil is between US$ 0.66 and US$ 0.82 per kilogram or between US$ 0.30 and US$ 0.37 per pound(lb). Click here to see today's exact prices of palm oil in Thailand
The retail price range in Baht for palm oil is between THB 22.73 and THB 28.16 per kilogram or between THB 10.31 and THB 12.77 per pound(lb) in Bangkok and Chiand Mai.
Wholesale prices
In 2024, the approximate wholesale price range for Thailand palm oil is between US$ 0.46 and US$ 0.57 per kilogram or between US$ 0.21 and US$ 0.26 per pound(lb).
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Thailand Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Thailand over the last five years has seen a steady decline. In 2017, the price was 0.80 US $ per kg, followed by 0.70 US $ per kg in 2018. In 2019, the price dropped to 0.56 US $ per kg, before increasing to 0.70 US $ per kg in 2020. The price then rose to 1.20 US $ per kg in 2021 and 1.34 US $ per kg in 2022. Based on this trend, it is likely that the export price per kilogram of Palm Oil from Thailand in 2023 will be around 1.14 US $ per kg and 1.28 US $ per kg in 2024.The exports of palm oil from Thailand are classified as:
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- 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)
- Crude palm oil (HS code 151110)
Thailand Palm Oil Import Prices - Historical, Trends and Prediction
The import price of Palm Oil into Thailand over the last five years has been quite volatile. In 2012, the price per kilogram was $1.06, which dropped to $0.78 in 2013. The price then increased to $0.97 in 2014, before dropping again to $0.87 in 2015. In 2016, the price rose to $1.12, before dropping to $0.80 in 2017 and then to $0.70 in 2018. The price then dropped further to $0.56 in 2019, before increasing to $0.70 in 2020 and then to $1.20 in 2021. The most recent data shows that the price per kilogram of Palm Oil into Thailand was $1.34 in 2022. Looking ahead, it is likely that the import price of Palm Oil into Thailand will remain volatile in the coming years. Predictions for 2023 and 2024 suggest that the price per kilogram could be around $1.20 and $1.34 respectively.Export values for Thailand palm oil
The total values in export for palm oil in Thailand were in US dollar thousand for the years in that order.
Prices of other produce in the Processed category in Thailand: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Asia: Kazakhstan palm oil, Kyrgyzstan palm oil, Tajikistan palm oil, Turkmenistan palm oil, Uzbekistan palm oil, China palm oil, Hong Kong palm oil, Macao palm oil, North Korea palm oil & Mongolia palm oil.
Thailand palm oil - Production, Exports, Imports, Seasons and HS Codes
The volume of palm oil sold by Thailand in 2020 was 285,874 tonnes. In 2019 Thailand exported 370,634 tonnes of palm oil. Across 2019 alone, the market for Thailand palm oil (processed category) has remained relatively stable, compared to the year 2018. Between the years 2017 and 2019 the exports were negligible, netting Thailand very little foreign income. Thailand's palm oil exports are classified as:
- Crude palm oil (HS code 151110)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
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Thailand palm oil export values
For the period between the years 2010 and 2020, Thailand shipped palm oil valued at US$ 0.
The yearly change in the quantity of Thailand's palm oil exports between 2017 and 2019 was constant.
Export markets for Thailand palm oil ( in '000$ )
Thailand's leading export markets for palm oil are Malaysia, Ghana, China, Nigeria and Mozambique.
Thailand purchased 19,421 tonnes of palm oil in 2019.
Production
The production of palm oil in Thailand was 67,089,720 tonnes in 2019 and is forecast to change by an average of 7.97%. The country had an estimated 3,585,288.00 hectares under palm oil cultivation.