What is the price of palm oil per kilogram/pound in Togo today?
The retail price range for Togo palm oil is between US$ 0.48 and US$ 1.24 per kilogram or between US$ 0.22 and US$ 0.56 per pound(lb). Click here to see today's exact prices of palm oil in Togo
The retail price range in CFA Franc BCEAO for palm oil is between XOF 291.01 and XOF 756.62 per kilogram or between XOF 131.98 and XOF 343.14 per pound(lb) in Lomé and Sokodé.
Wholesale prices
In 2024, the approximate wholesale price range for Togo palm oil is between US$ 0.33 and US$ 0.87 per kilogram or between US$ 0.15 and US$ 0.39 per pound(lb).
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Togo Palm Oil Export Prices - Historical, Trends and Prediction
The export price of Palm Oil from Togo over the last five years has been relatively stable. In 2017, the price was 0.58 US $ per kg, followed by 0.51 US $ per kg in 2018. In 2019, the price dropped to 0.42 US $ per kg, before increasing to 0.50 US $ per kg in 2020. The price then rose again to 0.54 US $ per kg in 2021. Based on this trend, it is predicted that the export price of Palm Oil from Togo will be 0.56 US $ per kg in 2023 and 0.58 US $ per kg in 2024.The Togo 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)
- 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)
Togo Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Togo has seen a fluctuating trend over the last five years. In 2016, the price was at its lowest at 0.48 US $ per kg, followed by a slight increase to 0.58 US $ per kg in 2017. In 2018, the price dropped to 0.51 US $ per kg and further decreased to 0.42 US $ per kg in 2019. However, the price rose again in 2020 to 0.50 US $ per kg and further increased to 0.54 US $ per kg in 2021. Based on this trend, it is predicted that the import price per kilogram of Palm Oil into Togo will be 0.56 US $ per kg in 2023 and 0.60 US $ per kg in 2024.Export values for Togo palm oil
The total values in export for palm oil in Togo were US$ 41,442, US$ 70,652, US$ 61,100 and US$ 72,426 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Togo: 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.
Togo palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Togo shipped 170,650 tonnes of palm oil. Across 2019 alone, the demand for Togo palm oil (processed category) has escalated, recording a change of 41.498 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports went up by 39.96 pc netting the nation US$72.43m for the year 2019. Togo's palm oil exports are categorised as:
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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Togo palm oil export values
In 2019, Togo exported palm oil worth 72.43m USD, an increment of 18.54% from 2018's total palm oil export of 61.1m USD. The yearly change in value of Togo palm oil between 2017 to 2018 was -13.52%.
The yearly change in the volume of Togo's palm oil exports between 2017 and 2019 was 39.96 pc compared to a variation of 41.498% in the period between 2018 and 2019.
Export markets for Togo palm oil ( in '000$ )
Togo's leading destinations for palm oil are Niger, Benin, Mali, India and Nigeria.
Togo purchased 405,252 tonnes of palm oil in 2019.
Production
The production of palm oil in Togo was 1,268,472 tonnes in 2019 and is estimated to change by an average of 1.28%. The country had an estimated 148,408.00 hectares under palm oil cultivation.