Palm Oil Prices in Indonesia
| Variety | Market level | Price (US$/kg) | Local (IDR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 1.14 | 18,998 | ▼ 0.6% | ▲ 25.6% | World Bank Pink Sheet |
| - | Export (unit value) | 0.91 | 15,090 | ▲ 6.6% | ▲ 6.6% | UN Comtrade (unit value) |
As of June 2026, the palm oil price in Indonesia available is US$ 0.91 per kg (15,090 IDR), up 6.6% year-on-year.
Indonesia is the world's leading producer of palm oil, with 47,084,299 tonnes produced in 2023, accounting for 59.3% of global output. In 2024, Indonesia exported 2,998,920 tonnes of palm oil valued at US$2.72 billion, ranking second among 65 exporters and representing 31.4% of global exports. The latest export unit value is US$0.9054 per kg. Indonesia maintains a strong net exporter position in the global palm oil market.
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Palm Oil Price History & Trend
Global benchmark (world reference) price for palm oil, US$ per kg.
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Production, Exports, Imports & HS Codes - palm oil in Indonesia
Indonesia is the world's leading producer of palm oil, with 47,084,299 tonnes produced in 2023, accounting for 59.3% of global output. In 2024, Indonesia exported 2,998,920 tonnes of palm oil valued at US$2.72 billion, ranking second among 65 exporters and representing 31.4% of global exports. The latest export unit value is US$0.9054 per kg. Indonesia maintains a strong net exporter position in the global palm oil market.
Exports UN Comtrade · 2024
In 2024, Indonesia exported $2.72B (3 Mt) of palm oil▼ 11.1% YoY. That ranks #2 worldwide (31.4% of global exports).
Export value by year (US$)
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 $339.5M · 3.9%
Annual export data Indonesia · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $2.72B | 3 Mt | $0.91 |
| 2023 | $3.06B | 3.6 Mt | $0.85 |
| 2022 | $3.4B | 3.46 Mt | $0.98 |
| 2021 | $2.74B | 2.54 Mt | $1.08 |
| 2020 | $4.74B | 7.17 Mt | $0.66 |
Production FAOSTAT · 2023
Indonesia produced 47.08 Mt of palm oil in 2023▲ 0.6% YoY. It ranks #1 among producing countries (59.3% 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.