What is the price of palm oil per kilogram/pound in Singapore today?
The retail price range for Singapore palm oil is between US$ 0.55 and US$ 0.84 per kilogram or between US$ 0.25 and US$ 0.38 per pound(lb). Click here to see today's exact prices of palm oil in Singapore
The retail price range in Singapore Dollar for palm oil is between SGD 0.74 and SGD 1.13 per kilogram or between SGD 0.34 and SGD 0.51 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2025, the approximate wholesale price range for Singapore palm oil is between US$ 0.39 and US$ 0.59 per kilogram or between US$ 0.17 and US$ 0.27 per pound(lb).
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Singapore Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Singapore has seen a significant increase over the last five years. In 2016, the price was 1.17 US$ per kg, and in 2021 it was 21.83 US$ per kg. This is an increase of 18.66 US$ per kg, or a 1,567.5% increase. The highest price was in 2020, when it reached 1210.92 US$ per kg. This was followed by a sharp decrease in 2021, when the price dropped to 21.83 US$ per kg. It is difficult to predict the prices for 2023 and 2024, but it is likely that the prices will remain relatively stable.The Singapore palm oil exports are classified 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)
Singapore Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Singapore has seen a significant increase over the last five years. In 2016, the price was $1.17, and in 2021, it was $21.83. This represents an increase of 1,743.5%. The highest price was recorded in 2020, when the price was $1210.92. This was followed by a sharp decrease in 2021, when the price dropped to $21.83. Looking ahead, it is likely that the price of Palm Oil will continue to fluctuate, but it is difficult to predict the exact prices for 2023 and 2024.Export values for Singapore palm oil
The total values in export for palm oil in Singapore were US$ 45,222, US$ 50,301, US$ 40,213 and US$ 32,631 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Singapore: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Asia: Kazakhstan palm oil, Kyrgyzstan palm oil, Tajikistan palm oil, Turkmenistan palm oil, Uzbekistan palm oil, China palm oil, Hong Kong palm oil, Macao palm oil, North Korea palm oil & Mongolia palm oil.
Singapore palm oil - Production, Exports, Imports, Seasons and HS Codes
The volume of palm oil sold by Singapore in 2020 was 39 metric tonnes. In 2019 Singapore sold 275 tonnes of palm oil. In 2019 alone, the market for Singapore palm oil (processed category) has improved, with a change of 0.73260073 % compared to the year 2018. Between 2017 and 2019, palm oil's exports decreased by -99.4 percent netting the country US$32.63m for the year 2019. Singapore's palm oil exports are categorised as:
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
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Singapore palm oil export values
In 2019, Singapore supplied palm oil worth 32.63m USD, a reduction of -18.86% from 2018's total palm oil export of 40.213m USD. The yearly reduction in value of Singapore palm oil between 2017 to 2018 was -20.055 per cent.
The annual change in the amount of Singapore's palm oil exports between 2017 and 2019 was -99.4 percent when compared to a variation of 0.73260073% in the growth rate between 2018 and 2019.
Singapore's stake of the world's total palm oil's exports in 2019 was less than 1%. The country is ranked number 46 in world exports of palm oil.
Export markets for Singapore palm oil ( in '000$ )
Singapore's top export markets for palm oil are Angola, Gabon, Russia, Uruguay and Jordan.
Import/Export Trends
Singapore is a net importer of palm oil. The annual growth of Singapore palm oil in value between 2015 to 2019 was 39%, per annum, while annual growth in quantity for the same period was %, per annum.
Singapore ordered 146,640 tonnes of palm oil in 2019.