Agriculture, Food & Commodities
Palm Oil — Monthly Price
The monthly price of Malaysian palm oil, the world's most traded vegetable oil, from the World Bank's Pink Sheet.
Official statisticSource figures as of October 16, 2026Sources & methods
- Sources
- World Bank
- Period covered
- Jan 1960 – Sep 2026
- Source figures as of
- October 16, 2026
- Geography
- World (benchmark market price)
- Sector
- Agriculture, Food & Commodities
- Seasonal adjustment
- Not seasonally adjusted
- Transformations
- Views other than the level (changes, averages, volatility) are calculated by CK Economics from these figures. The constant-dollar view divides by the BLS consumer price index (CPI-U)
- Revisions
- Replaced with the source’s latest figures whenever it revises them.
- Data status
- Current
- Limitations
- Seasonal swings are left in: compare a period with the same period a year earlier.
No projectionIn backtests at 40 past dates, a statistical projection (exponential smoothing, damped trend) was not clearly better than a no-change forecast: its errors over the next 3 months were 20% larger, short of the 5% improvement needed, so none is shown. How we decide
Key figures
CK estimateUS$ per metric ton · calculated by CK Economics from World Bank data
- Latest · Sep 2026
- 1,180
- +13.8% vs a year earlier1
- 5-year change
- −0.1%
- since Sep 2021, −0.0% a year2
- 10-year change
- +47.9%
- since Sep 2016, +4.0% a year2
- Record high
- 1,777
- Mar 20223
- Record low
- 142
- Sep 1968 (and 1 other period)3
- Where the latest ranks
- 96th pct.
- Higher than 96% of the other 800 observations since Jan 19604
- 1Latest observation against the observation one year earlier (for weekly data, the nearest within three days).
- 2Latest observation against the observation five and ten years earlier; the yearly rate is the compound annual growth rate over the span.
- 3Highest and lowest published observations across the full history shown.
- 4Share of the other published observations that are lower than the latest one, rounded down.
Seasonal pattern
CK estimateEach month of 2026 and 2025 against the average and range of the same month in 2021–2025. Calculated by CK Economics from the published series.
Methodology
Malaysian palm oil. The World Bank has changed the quote several times: refined, bleached and deodorised (RBD) average export price free on board (f.o.b.) from January 2026; crude in February–December 2025; 5% bulk delivered to northwest Europe (c.i.f.) from November 2024 to January 2025; RBD f.o.b. Malaysian ports from January 2021 to October 2024; RBD delivered to Rotterdam (c.i.f.) from December 2001 to December 2020; and 5% bulk delivered to northwest Europe before that. Small breaks between specifications are possible. Underlying sources: S&P Global, Bloomberg, ISTA Mielke (Oil World), the US Department of Agriculture and the World Bank. The World Bank's Pink Sheet reports monthly average prices in nominal US dollars, not adjusted for inflation (the chart's constant-dollar option can adjust them). The World Bank compiles them from the market sources it names for each commodity and updates the workbook early each month; recent months can be revised. The World Bank publishes the data under a Creative Commons Attribution 4.0 licence. The series runs from January 1960. Projection: none. CK Economics backtests a statistical projection of this series (exponential smoothing with a damped trend) by refitting it at past dates and scoring its forecasts against what happened. Its errors over the next three months were not at least 5% smaller than those of the better of a no-change forecast and repeating the same month a year earlier, so no projection is shown.
Source
World Bank, Commodity Price Data (The Pink Sheet), monthly prices, "Palm oil": https://www.worldbank.org/en/research/commodity-markets — figures as published on 16 October 2026.
All data
| Period | Value | Change y/y |
|---|---|---|
| Sep 2026 | 1,180 | +13.8% |
| Aug 2026 | 1,132 | +10.3% |
| Jul 2026 | 1,133 | +16.1% |
| Jun 2026 | 1,142 | +22.1% |
| May 2026 | 1,168 | +28.6% |
| Apr 2026 | 1,181 | +18.8% |
| Mar 2026 | 1,167 | +9.3% |
| Feb 2026 | 1,064 | −0.3% |
| Jan 2026 | 1,013 | −5.3% |
| Dec 2025 | 980 | −17.6% |
| Nov 2025 | 983 | −15.9% |
| Oct 2025 | 1,038 | −3.6% |
| Sep 2025 | 1,037 | +5.5% |
| Aug 2025 | 1,026 | +10.0% |
| Jul 2025 | 976 | +8.9% |
| Jun 2025 | 935 | +7.0% |
| May 2025 | 908 | +5.7% |
| Apr 2025 | 994 | +6.2% |
| Mar 2025 | 1,068 | +13.3% |
| Feb 2025 | 1,067 | +24.5% |
| Jan 2025 | 1,070 | +26.6% |
| Dec 2024 | 1,190 | +46.2% |
| Nov 2024 | 1,169 | +40.8% |
| Oct 2024 | 1,077 | +34.0% |