What is the price of palm oil per kilogram/pound in Venezuela today?
The retail price range for Venezuela palm oil is between US$ 0.73 and US$ 2.58 per kilogram or between US$ 0.33 and US$ 1.17 per pound(lb). Click here to see today's exact prices of palm oil in Venezuela
The retail price range in Euro for palm oil is between EUR 0.60 and EUR 2.11 per kilogram or between EUR 0.27 and EUR 0.96 per pound(lb) in Caracas and Maracaibo.
Wholesale prices
In 2024, the approximate wholesale price range for Venezuela palm oil is between US$ 0.51 and US$ 1.81 per kilogram or between US$ 0.23 and US$ 0.82 per pound(lb).
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Venezuela palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Venezuela shipped 5,850 tonnes of palm oil. For the year 2019 alone, the interest in Venezuela palm oil (processed category) has escalated, recording a change of 84.543 pc compared to the year 2018. Between 2017 and 2019, palm oil's exports increased by 211.34% netting the exporter US$2.19m for the year 2019. Venezuela's palm oil exports are categorised as:
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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Venezuela palm oil export values
In 2019, Venezuela sold palm oil costing 2.19m USD, an increment of 13.59% from 2018's total palm oil export of 1.928m USD. The annual increase in value of Venezuela palm oil between 2017 to 2018 was -29.789%.
The annual variation in the amount of Venezuela's palm oil exports between 2017 and 2019 was 211.34 per cent in comparison to a variation of 84.543% in the period between 2018 and 2019.
Venezuela's stake of the world's total palm oil's exports in 2019 was less than 1%. The country is ranked number 28 in world exports of palm oil.
Export markets for Venezuela palm oil ( in '000$ )
Venezuela's top export markets for palm oil are Colombia, US, Ecuador and Mexico.
Venezuela ordered 38,098 tonnes of palm oil in 2019.
Production
The production of palm oil in Venezuela was 1,741,808 tonnes in 2019 and is estimated to change by an average of -3.85%. The country had approximately 166,420.00 hectares under palm oil cultivation.