What is the price of palm oil per kilogram/pound in US today?
The retail price range for US palm oil is between US$ 13.37 and US$ 21.02 per kilogram or between US$ 6.07 and US$ 9.53 per pound(lb). Click here to see today's exact prices of palm oil in US
The retail price range in Euro for palm oil is between EUR 12.27 and EUR 19.28 per kilogram or between EUR 5.56 and EUR 8.74 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US palm oil is between US$ 9.36 and US$ 14.71 per kilogram or between US$ 4.25 and US$ 6.67 per pound(lb).
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US Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from the US over the last five years has been relatively stable. In 2017 and 2018, the price was $1.15 and $1.19 respectively. In 2019 and 2020, the price dropped to $1.13, before increasing to $1.18 in 2021 and $1.22 in 2022. Based on this trend, it is likely that the export price per kilogram of Palm Oil from the US will remain around $1.20 in 2023 and 2024.The palm oil exports from US are classified as:
- 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)
- 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)
US Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into the US over the last five years has been relatively stable. In 2017, the price was $1.15, and in 2018 it increased slightly to $1.19. In 2019 and 2020, the price dropped to $1.13, before increasing again to $1.18 in 2021 and $1.22 in 2022. This suggests that the price of Palm Oil is likely to remain relatively stable in the near future. Based on this trend, it is predicted that the import price per kilogram of Palm Oil into the US in 2023 will be $1.18, and in 2024 it will be $1.22.Export values for US palm oil
The total values in export for palm oil in US were US$ 101,141, US$ 119,263, US$ 115,121 and US$ 113,366 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 palm oil in other countries across North America: Canada palm oil, US palm oil, Anguilla palm oil, Antigua and Barbuda palm oil, Bermuda palm oil, Bonaire, Sint Eustatius and Saba palm oil, St.Pierre and Miquelon palm oil, United States Minor Outlying Islands palm oil, Cayman Islands palm oil & Greenland palm oil.
US palm oil - Production, Exports, Imports, Seasons and HS Codes
The amount of palm oil shipped by US in 2020 was 106,411 metric tons. In 2019 US sold 99,954 tonnes of palm oil. Through 2019 alone, the market for US palm oil (processed category) has climbed, flactuating by 3.074 pc compared to the year 2018. Between 2017 and 2019, palm oil's exports went down by -3.41 pc netting the exporter US$113.37m for the year 2019. US' palm oil exports are classified as:
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
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US palm oil export values
In 2019, US sold palm oil costing 113.37m USD, a contraction of -1.52% from 2018's total palm oil export of 115.121m USD. The yearly change in value of US palm oil between 2017 to 2018 was -3.473 pc.
The per year variation in the quantity of US' palm oil exports between 2017 and 2019 was -3.41 percent compared to a variation of 3.074% in the period between 2018 and 2019.
US' portion of the world's total palm oil's exports in 2019 was less than 1%. US holds position 25 in world exports of palm oil.
Export markets for US palm oil ( in '000$ )
US' top export markets for palm oil are Canada, Mexico, Jamaica, Japan and Panama.
Import/Export Trends
US is a net importer of palm oil. The annual growth of US palm oil in value between 2015 to 2019 was -44%, per annum, while annual growth in quantity during the same period was -37%, per annum.
US ordered 1,921,649 tonnes of palm oil in 2019.