What is the price of palm oil in South Africa?

As of May 2026, palm oil in South Africa is US$ 1.53 per kg (29.64 ZAR), sourced from UN Comtrade (unit value).

What is South Africa's world rank in palm oil exports?

South Africa ranks 23rd out of 65 palm oil exporters.

What was the latest export price for South African palm oil?

The latest export unit value was US$1.5257 per kg.

What was the year-on-year change in South Africa's palm oil exports?

Exports declined by 10.4% year-on-year.

Palm Oil Price in South Africa - June 2026 Market Prices (Updated Monthly)

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Current Palm Oil Prices in South Africa
Palm Oil Price History & Trend
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Palm Oil Prices in South Africa

US$ 1.53 / kg

29.64 ZAR / kg

MoM ▲ 54.3% YoY ▲ 54.3%

Checked: Jun 9, 2026

Price as of: May 2026

Source: UN Comtrade (unit value)

Variety	Market level	Price (US$/kg)	Local (ZAR)	MoM	YoY	Source
-	Global benchmark	1.14	22.15	▼ 0.6%	▲ 25.6%	World Bank Pink Sheet
-	Export (unit value)	1.53	29.64	▲ 54.3%	▲ 54.3%	UN Comtrade (unit value)

As of June 2026, the palm oil price in South Africa available is US$ 1.53 per kg (29.64 ZAR), up 54.3% year-on-year.

South Africa exported 1,347 tonnes of palm oil in 2024, valued at US$1,332,034, ranking 23rd out of 65 exporters and accounting for 0.0% of global exports. Export volumes declined by 10.4% year-on-year. The latest export unit value is US$1.5257 per kg. South Africa is a net exporter of palm oil.

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Palm Oil Price History & Trend

We are building a dedicated palm oil price series for South Africa history. The trend line shown is the closest commodity benchmark, for reference only.

Global benchmark (world reference) price for palm oil, US$ per kg.

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Production, Exports, Imports & HS Codes - palm oil in South Africa

Exports UN Comtrade · 2024

In 2024, South Africa exported $1.3M (1.3 kt) of palm oil▼ 10.4% YoY. That ranks #23 worldwide (0% of global exports).

$1.3M

Export value

1.3 kt

Export volume

#23 / 65

World rank

Global share

$0.99

Avg export price / kg

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 South Africa · UN Comtrade

Year	Export value (US$)	Volume	Avg price/kg
2024	$1.3M	1.3 kt	$0.99
2023	$1.5M	1.7 kt	$0.89
2022	$3.1M	1.8 kt	$1.68
2021	$3.5M	2.7 kt	$1.3
2020	$1.2M	972.8 t	$1.22

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. Values are official reported figures.

South Africa palm oil - Production, Exports, Imports, Seasons and HS Codes

In 2019 South Africa sold 50,407,305 tonnes of palm oil. For the year 2019 alone, the interest in South Africa palm oil (processed category) has surged, with a change of 1.346 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports went down by -10.73% earning the nation US$15.33m for the year 2019. South Africa'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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South Africa palm oil export values

In 2019, South Africa sold palm oil costing 15.33m USD, a decrease of -6.42% from 2018's total palm oil export of 16.381m USD. The yearly change in value of South Africa palm oil between 2017 to 2018 was -19.002 pc.

The yearly variation in the volume of South Africa's palm oil exports between 2017 and 2019 was -10.73 percent when compared to a variation of 1.346% in the growth rate between 2018 and 2019.

South Africa's portion of the world's total palm oil's exports in 2019 was less than 1%. The country is ranked position 16 in world exports of palm oil.

Export markets for South Africa palm oil ( in '000$ )

South Africa's best performing export markets for palm oil are Lesotho, Zimbabwe, Swaziland (Eswatini), Zambia and Malawi.

Import/Export Trends

South Africa is a net exporter of palm oil. The annual growth of South Africa palm oil in value between 2015 to 2019 was 14%, per annum, while annual growth in quantity during the same period was 6%, per annum.

South Africa purchased 533,928 tonnes of palm oil in 2019.

Palm Oil Prices Across Africa

Compare the latest palm oil prices in other Africa countries:

Nigeria$1.16/kg Kenya$0.97/kg Ghana$1.55/kg Cameroon$0.54/kg Uganda$3.17/kg Benin$0.42/kg Botswana$1.51/kg Zambia$0.24/kg Burundi$0.96/kg Tanzania$0.79/kg Gambia$1.97/kg Ivory Coast$0.90/kg Togo$1.13/kg Djibouti$0.93/kg Malawi$2.36/kg

Other Processed Prices in South Africa

Latest prices for other processed in South Africa:

Raw Hides & Skins$0.62/kg Canola Oil$1.43/kg Sugar$0.68/kg Black Tea$5.22/kg Cotton$1.82/kg Molasses$0.17/kg Sunflower Oil$1.70/kg Chocolate$5.91/kg Coffee$6.90/kg Natural Honey$4.76/kg Butter$5.47/kg Milk & Cream$0.71/kg Oil cake (Press cake)$0.38/kg Tapioca$0.92/kg Heart of palm$2.70/kg

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