What is the price of palm oil per kilogram/pound in Zambia today?
The retail price range for Zambia palm oil is between US$ 0.75 and US$ 1.45 per kilogram or between US$ 0.34 and US$ 0.66 per pound(lb). Click here to see today's exact prices of palm oil in Zambia
The retail price range in Zambian Kwacha for palm oil is between ZMW 14.19 and ZMW 27.28 per kilogram or between ZMW 6.43 and ZMW 12.37 per pound(lb) in Lusaka and Kitwe.
Wholesale prices
In 2024, the approximate wholesale price range for Zambia palm oil is between US$ 0.53 and US$ 1.01 per kilogram or between US$ 0.24 and US$ 0.46 per pound(lb).
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Zambia Palm Oil Export Prices - Historical, Trends and Prediction
The export price of Palm Oil from Zambia has seen a significant decrease over the last five years. In 2017, the price per kilogram was $1.04, and in 2021 it was $1.81. The most recent year, 2022, saw a price of $1.26 per kilogram. This is a decrease of $0.55 from the 2017 price. Looking ahead, we can predict that the price of Palm Oil from Zambia will remain relatively stable, with a predicted price of $1.20 per kilogram in 2023 and $1.15 per kilogram in 2024.The Zambia palm oil exports are categorised as:
- 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)
- Crude palm oil (HS code 151110)
Zambia Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Zambia has seen a steady decline over the past five years. In 2017, the price was $1.04, followed by $0.90 in 2018, $0.54 in 2019, $0.43 in 2020, and $1.81 in 2021. The most recent data point, for 2022, shows a price of $1.26. This indicates that the price of Palm Oil has been fluctuating over the past few years, with a slight downward trend. Based on this data, it is likely that the price of Palm Oil will continue to decrease in the next two years, with an estimated price of $1.10 in 2023 and $0.95 in 2024.Export values for Zambia palm oil
The total values in export for palm oil in Zambia were US$ 4,062, US$ 745, US$ 495 and US$ 1,449 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Zambia: 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.
Zambia palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Zambia shipped 1,732 tonnes of palm oil. For the year 2019 alone, the interest in Zambia palm oil (processed category) has increased, with a change of 213.768 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports increased by 133.11 pc bringing the nation US$1.45m for the year 2019. Zambia's palm oil exports are classified as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
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Zambia palm oil export values
In 2019, Zambia shipped palm oil valued at 1.45m USD, an increase of 192.93% from 2018's total palm oil export of 0.495m USD. The yearly increase in value of Zambia palm oil between 2017 to 2018 was -33.557 per cent.
The annual/yearly change in the amount of Zambia's palm oil exports between 2017 and 2019 was 133.11 percent in comparison to a variation of 213.768% in the period between 2018 and 2019.
Export markets for Zambia palm oil ( in '000$ )
Zambia's top export markets for palm oil are Tanzania, South Africa, DRC Congo, Zimbabwe and Malawi.
Zambia brought in 72,598 tonnes of palm oil in 2019.