What is the price of palm oil per kilogram/pound in Turkey today?
The retail price range for Turkey palm oil is between US$ 0.67 and US$ 1.16 per kilogram or between US$ 0.30 and US$ 0.53 per pound(lb). Click here to see today's exact prices of palm oil in Turkey
The retail price range in Turkish Lira for palm oil is between TRY 13.19 and TRY 22.94 per kilogram or between TRY 5.98 and TRY 10.40 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey palm oil is between US$ 0.47 and US$ 0.81 per kilogram or between US$ 0.21 and US$ 0.37 per pound(lb).
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Turkey Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Turkey over the last five years has seen a steady decline. In 2012, the price was 1.48 US dollars per kg, dropping to 0.88 US dollars per kg in 2013. This trend continued until 2014, when the price was 0.74 US dollars per kg. In 2015, the price rose to 1.11 US dollars per kg, before dropping again to 1.09 US dollars per kg in 2016. The price then rose to 1.11 US dollars per kg in 2017, before dropping to 1.04 US dollars per kg in 2018. The price then dropped to its lowest point in 2019, at 0.57 US dollars per kg, before rising to 0.67 US dollars per kg in 2020. The price then rose to 1.07 US dollars per kg in 2021, before increasing to 1.26 US dollars per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Palm Oil from Turkey will be 1.17 US dollars per kg in 2023 and 1.37 US dollars per kg in 2024.The Turkey 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)
Turkey Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Turkey over the last five years has been relatively stable. In 2017, the price was 1.11 US$ per kg, followed by 1.04 US$ per kg in 2018. In 2019, the price dropped to 0.57 US$ per kg, before increasing to 0.67 US$ per kg in 2020. The price then rose to 1.07 US$ per kg in 2021 and 1.26 US$ per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Palm Oil into Turkey will remain around 1.26 US$ per kg in 2023 and 2024.Export values for Turkey palm oil
The total values in export for palm oil in Turkey were US$ 2,554, US$ 3,567, US$ 2,795 and US$ 1,629 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Turkey: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Middle East: Bahrain palm oil, Cyprus palm oil, Iraq palm oil, Israel palm oil, Jordan palm oil, Kuwait palm oil, Lebanon palm oil, Palestine palm oil, Oman palm oil & Qatar palm oil.
Turkey palm oil - Production, Exports, Imports, Seasons and HS Codes
The volume of palm oil sold by Turkey in 2020 was 184,421 metric tonnes. In 2019 Turkey sold 1,607 tonnes of palm oil. Across 2019 alone, the market for Turkey palm oil (processed category) has decreased, flactuating by -40.305 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports reduced by -50.19% bringing the country US$1.63m for the year 2019. Turkey's palm oil exports are classified as:
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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Turkey palm oil export values
In 2019, Turkey exported palm oil worth 1.63m USD, a reduction of -41.68% from 2018's total palm oil export of 2.795m USD. The yearly change in value of Turkey palm oil between 2017 to 2018 was -21.643 pc.
The yearly variation in the amount of Turkey's palm oil exports between 2017 and 2019 was -50.19 pc compared to a variation of -40.305% in the period between 2018 and 2019.
Export markets for Turkey palm oil ( in '000$ )
Turkey's leading export markets for palm oil are Iraq, Russia, Romania, Syria and Kazakhstan.
Turkey bought 701,234 tonnes of palm oil in 2019.