Palm Oil Prices in Ghana
| Variety | Market level | Price (US$/kg) | Local (GHS) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Farmgate | 1.55 | 16.71 | ▲ 11.1% | ▲ 11.1% | FAOSTAT Producer Prices |
| - | Global benchmark | 1.14 | 12.26 | ▼ 0.6% | ▲ 25.6% | World Bank Pink Sheet |
| - | Export (unit value) | 1.09 | 11.74 | ▲ 1.9% | ▲ 1.9% | UN Comtrade (unit value) |
As of June 2026, the palm oil price in Ghana available is US$ 1.55 per kg (16.71 GHS), up 11.1% year-on-year.
Ghana exported 33,745 tonnes of palm oil in 2023, valued at US$36.8 million, ranking #18 among 75 global exporters and accounting for 0.4% of world exports. The country is a net exporter, with production steady at 300,000 tonnes, placing Ghana #14 globally and representing 0.4% of world output. The latest farmgate price is US$1.5539 per kg.
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Palm Oil Price History & Trend
Global benchmark (world reference) price for palm oil, US$ per kg.
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Production, Exports, Imports & HS Codes - palm oil in Ghana
Ghana exported 33,745 tonnes of palm oil in 2023, valued at US$36.8 million, ranking #18 among 75 global exporters and accounting for 0.4% of world exports. The country is a net exporter, with production steady at 300,000 tonnes, placing Ghana #14 globally and representing 0.4% of world output. The latest farmgate price is US$1.5539 per kg.
Exports UN Comtrade · 2023
In 2023, Ghana exported $36.8M (33.7 kt) of palm oil▼ 7.5% YoY. That ranks #18 worldwide (0.4% of global exports).
Export value by year (US$)
Export volume by year
Top palm oil exporters worldwide UN Comtrade · 2023
- #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 $339.5M · 3.9%
Annual export data Ghana · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2023 | $36.8M | 33.7 kt | $1.09 |
| 2022 | $39.8M | 37.1 kt | $1.07 |
| 2021 | $18.3M | 17.7 kt | $1.04 |
Production FAOSTAT · 2023
Ghana produced 300 kt of palm oil in 2023▲ 0% YoY. It ranks #14 among producing countries (0.4% 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.