What is the price of maize (corn) oil per kilogram/pound in US today?
The retail price range for US maize (corn) oil is between US$ 5.72 and US$ 12.39 per kilogram or between US$ 2.59 and US$ 5.62 per pound(lb). Click here to see today's exact prices of maize (corn) oil in US
The retail price range in Euro for maize (corn) oil is between EUR 5.25 and EUR 11.37 per kilogram or between EUR 2.38 and EUR 5.16 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US maize (corn) oil is between US$ 4.00 and US$ 8.67 per kilogram or between US$ 1.82 and US$ 3.93 per pound(lb).
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US Maize (corn) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Maize (Corn) Oil from the US over the last five years has seen a significant fluctuation. In 2011, the price was 1.46 US dollars per kg, which dropped to 1.35 US dollars per kg in 2012. This trend continued in 2013 and 2014, with the price dropping to 1.13 and 1.02 US dollars per kg respectively. However, in 2015, the price saw a sharp increase to 2.38 US dollars per kg, followed by a further increase to 3.57 US dollars per kg in 2016. The price then peaked in 2017 at 4.12 US dollars per kg before dropping to 0.85 US dollars per kg in 2018. Since then, the price has been relatively stable, with 0.82 US dollars per kg in 2019 and 0.93 US dollars per kg in 2020. In 2021, the price rose to 1.45 US dollars per kg and further increased to 1.98 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Maize (Corn) Oil from the US will be 2.51 US dollars per kg in 2023 and 3.04 US dollars per kg in 2024.The US maize (corn) oil exports are classified as:
- Crude maize oil (HS code 151521)
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
US Maize (corn) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Maize (Corn) Oil into the US over the last five years has been quite volatile. In 2012, the price was $1.35, which dropped to $1.13 in 2013. This was followed by a further decrease to $1.02 in 2014. However, in 2015, the price rose sharply to $2.38, before increasing further to $3.57 in 2016. The price then peaked at $4.12 in 2017, before dropping to $0.85 in 2018. Since then, the price has been relatively stable, with $0.82 in 2019 and $0.93 in 2020. In 2021, the price rose to $1.45, before increasing again to $1.98 in 2022. Based on the data, it is likely that the import price per kilogram of Maize (Corn) Oil into the US will continue to increase in the coming years. We predict that the price will reach $2.50 in 2023 and $3.00 in 2024.Export values for US maize (corn) oil
The total values in export for maize (corn) oil in US were US$ 428,353, US$ 428,102, US$ 247,451 and US$ 215,861 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in US: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of maize (corn) oil in other countries across North America: Canada maize (corn) oil, US maize (corn) oil, Anguilla maize (corn) oil, Antigua and Barbuda maize (corn) oil, Bermuda maize (corn) oil, Bonaire, Sint Eustatius and Saba maize (corn) oil, St.Pierre and Miquelon maize (corn) oil, United States Minor Outlying Islands maize (corn) oil, Cayman Islands maize (corn) oil & Greenland maize (corn) oil.
US maize (corn) oil - Production, Exports, Imports, Seasons and HS Codes
The amount of maize (corn) oil shipped by US in 2020 was 214,321 metric tons. In 2019 US sold 263,892 tonnes of maize (corn) oil. Across 2019 alone, the interest in US maize (corn) oil (processed category) has decreased, with a change of -8.946 percent compared to the year 2018. Between 2017 and 2019, maize (corn) oil's exports decreased by -43.16% earning the nation US$215.86m for the year 2019. US' maize (corn) oil exports are categorised as:
- Crude maize oil (HS code 151521)
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
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US maize (corn) oil export values
In 2019, US shipped maize (corn) oil worth 215.86m USD, a contraction of -12.77% from 2018's total maize (corn) oil export of 247.451m USD. The yearly reduction in value of US maize (corn) oil between 2017 to 2018 was -42.198 per cent.
The per year variation in the volume of US' maize (corn) oil exports between 2017 and 2019 was -43.16 per cent when compared to a variation of -8.946% in the growth rate between 2018 and 2019.
US' stake of the world's total maize (corn) oil's exports in 2019 was 34.4%. US is ranked number 2 in world exports of maize (corn) oil.
Export markets for US maize (corn) oil ( in '000$ )
US' best performing destinations for maize (corn) oil are Saudi Arabia, Singapore, Egypt, Kuwait and Tunisia.
Import/Export Trends
US is a net exporter of maize (corn) oil. The annual growth of US maize (corn) oil in value between 2015 to 2019 was -1%, per annum, while annual growth in quantity was -7%, per annum.
US brought in 29,042 tonnes of maize (corn) oil in 2019.