What is the price of palm oil per kilogram/pound in Australia today?
The retail price range for Australia palm oil is between US$ 4.78 and US$ 12.44 per kilogram or between US$ 2.17 and US$ 5.64 per pound(lb). Click here to see today's exact prices of palm oil in Australia
The retail price range in Australian Dollar for palm oil is between AUD 7.20 and AUD 18.71 per kilogram or between AUD 3.26 and AUD 8.49 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia palm oil is between US$ 3.35 and US$ 8.71 per kilogram or between US$ 1.52 and US$ 3.95 per pound(lb).
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Australia Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Australia has seen a steady decline over the last five years. In 2011, the price was 2.16 US dollars per kg, while in 2017 it was 1.43 US dollars per kg. In 2018, the price dropped to 0.97 US dollars per kg, and has remained at that level in 2019 and 2020. However, in 2021 and 2022, the price increased to 1.33 and 1.86 US dollars per kg respectively. Based on this trend, it is predicted that the export price per kilogram of Palm Oil from Australia in 2023 will be 1.59 US dollars per kg, and in 2024 it will be 1.72 US dollars per kg.The Australia palm oil exports are categorised as:
- Crude palm oil (HS code 151110)
- 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)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
Australia Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Australia over the last five years has been relatively stable. In 2017, the price was 1.43 US dollars per kg, followed by a decrease to 0.97 US dollars per kg in 2018. The price remained at 0.97 US dollars per kg in 2019 and 2020, before increasing to 1.73 US dollars per kg in 2021 and 1.86 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Palm Oil into Australia will remain around 1.86 US dollars per kg in 2023 and 2024.Export values for Australia palm oil
The total values in export for palm oil in Australia were US$ 171, US$ 191, US$ 749 and US$ 154 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Oceania: Fiji palm oil, French Polynesia palm oil, Guam palm oil, Micronesia palm oil, New Caledonia palm oil, Papua New Guinea palm oil, Samoa palm oil, Solomon Islands palm oil, Tonga palm oil & Vanuatu palm oil.
Australia palm oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of palm oil exported by Australia in 2020 was 180 tons. In 2019 Australia exported 158 tonnes of palm oil. Through 2019 alone, the demand for Australia palm oil (processed category) has gone down, with a change of -79.613 % compared to the year 2018. Between 2017 and 2019, palm oil's exports increased by 17.91 percent earning the nation US$0.15m for the year 2019. Australia's palm oil exports are categorised as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
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Australia palm oil export values
In 2019, Australia supplied palm oil worth 0.15m USD, a reduction of -79.97% from 2018's total palm oil export of 0.749m USD. The yearly change in value of Australia palm oil between 2017 to 2018 was 292.147 per cent.
The annual variation in the quantity of Australia's palm oil exports between 2017 and 2019 was 17.91 percent compared to a variation of -79.613% in the period between 2018 and 2019.
Australia's share of the world's total palm oil's exports in 2019 was less than 1%. The country holds number 43 in world exports of palm oil.
Export markets for Australia palm oil ( in '000$ )
Australia's best performing destinations for palm oil are Malaysia, Brazil, Mexico, Bangladesh and Thailand.
Australia brought in 118,953 tonnes of palm oil in 2019.