Palm Oil Prices in Colombia
| Variety | Market level | Price (US$/kg) | Local (COP) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Farmgate | 1.02 | 4,620 | ▲ 8.1% | ▲ 8.1% | FAOSTAT Producer Prices |
| - | Global benchmark | 1.14 | 5,181 | ▼ 0.6% | ▲ 25.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.01 | 4,581 | ▲ 5.6% | ▲ 5.6% | UN Comtrade (unit value) |
As of June 2026, the palm oil price in Colombia available is US$ 1.02 per kg (4,620 COP), up 8.1% year-on-year.
Colombia is a net exporter of palm oil, ranking fifth globally in exports with 336,876 tonnes valued at US$339.5 million in 2024, accounting for 3.9% of world exports and showing a 5.9% year-on-year decrease. The country produced 1,841,880 tonnes in 2023, ranking fourth worldwide and contributing 2.3% to global output, with a 4.2% annual increase. The latest farmgate generic price is US$1.0164 per kg.
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Palm Oil Price History & Trend
Global benchmark (world reference) price for palm oil, US$ per kg.
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Production, Exports, Imports & HS Codes - palm oil in Colombia
Colombia is a net exporter of palm oil, ranking fifth globally in exports with 336,876 tonnes valued at US$339.5 million in 2024, accounting for 3.9% of world exports and showing a 5.9% year-on-year decrease. The country produced 1,841,880 tonnes in 2023, ranking fourth worldwide and contributing 2.3% to global output, with a 4.2% annual increase. The latest farmgate generic price is US$1.0164 per kg.
Exports UN Comtrade · 2024
In 2024, Colombia exported $339.5M (336.9 kt) of palm oil▼ 5.9% YoY. That ranks #5 worldwide (3.9% of global exports).
Export value by year (US$)
Export volume by year
Top palm oil exporters worldwide UN Comtrade · 2024
- #1 Malaysia $3.3B · 38.2%
- #2 Indonesia $2.72B · 31.4%
- #3 Thailand $737.8M · 8.5%
- #4 Guatemala $444.6M · 5.1%
- #5 Colombia $339.5M · 3.9%
Annual export data Colombia · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $339.5M | 336.9 kt | $1.01 |
| 2023 | $360.8M | 377.9 kt | $0.95 |
| 2022 | $537.4M | 359 kt | $1.5 |
| 2021 | $362.3M | 339.5 kt | $1.07 |
| 2020 | $329.2M | 538.7 kt | $0.61 |
Production FAOSTAT · 2023
Colombia produced 1.84 Mt of palm oil in 2023▲ 4.2% YoY. It ranks #4 among producing countries (2.3% of world output).
Production by year (tonnes)
HS Code
palm oil is traded under Harmonized System code 1511.10. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO). Values are official reported figures.