Palm Kernel Oil Price Trend

Palm Kernel Oil Price Trend, Index and Forecast

Track the latest insights on palm kernel oil price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Palm Kernel Oil Prices Outlook Q2 2025

• USA: US$ 1695/MT
• China: US$ 1551/MT
• Germany: US$ 1137/MT
• Netherlands: US$ 1513/MT
• Italy: US$ 1646/MT

Palm Kernel Oil Price Chart

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During the second quarter of 2025, the palm kernel oil prices in the USA reached 1695 USD/MT in June. As per the palm kernel oil price chart, prices followed a downward trend, largely influenced by various factors affecting both supply and demand. A significant driver was the improved supply. Increased production from Southeast Asia, notably Malaysia and Indonesia, played a crucial role in maintaining steady availability in the market. This was further supported by a recovery in palm kernel extraction rates in the region, contributing to a more abundant supply of palm kernel oil. As a result, US importers experienced lower landed costs, which contributed to reduced production and import costs for domestic refiners.

During the second quarter of 2025, the palm kernel oil prices in China reached 1551 USD/MT in June. The market in China experienced a noticeable price decline, primarily influenced by a combination of oversupply and weak demand conditions. The spot price of PKO witnessed a steady drop throughout the quarter, as market conditions reflected a slowdown in the economy and consumption patterns. Several factors contributed to the downward trend in prices, including abundant production, soft demand, and logistical issues that hindered import costs early in the quarter. By the end of June 2025, PKO prices decreased significantly from earlier levels, marking a period of economic uncertainty and market adjustments.

During the second quarter of 2025, palm kernel oil prices in Germany reached 1137 USD/MT in June. Demand for palm kernel oil remained subdued. Inflationary pressures, coupled with competition from alternative oils, led to cautious procurement practices among key sectors such as food manufacturers and industrial end-users. With consumer prices rising and economic recovery showing uncertain signals, many buyers hesitated to make significant purchases, contributing to the overall price weakness in the market. The market showed signs of improvement in terms of physical availability. Enhanced supply chain efficiencies made the product more accessible.

During the second quarter of 2025, the palm kernel oil prices in the Netherlands reached 1513 USD/MT in June. Demand for palm kernel oil in the Netherlands remained subdued driven by inflationary pressures that restrained purchasing behavior. Food manufacturers and industrial users, already burdened by rising operational costs, were cautious in their procurement strategies. This caution was compounded by the growing preference for alternative oils, which further restrained demand for palm kernel oil. The persistent economic uncertainty, especially in the wake of inflationary pressures, led to a cautious approach by Dutch buyers, thus preventing any significant uptick in demand.

During the second quarter of 2025, the palm kernel oil prices in Italy reached 1646 USD/MT in June. Prices in Italy were impacted by various factors within the broader European and global markets. The quarter saw a softening in spot prices, influenced by the general downward trend in the market. This, coupled with reduced demand and cautious procurement from food manufacturers and industrial buyers, placed downward pressure on prices throughout the region, including Italy.

Palm Kernel Oil Prices Outlook Q4 2024

• Malaysia: US$ 1,411/MT
• Netherlands: US$ 1,623/MT

During the last quarter of 2024, the palm kernel oil prices in Malaysia reached 1,411 USD/MT in December. As per the palm kernel oil price chart, Malaysia's PKO market saw price increases as a result of strong worldwide demand and limited supply. Price inflation was further exacerbated by labor shortages, supply disruptions, and sustainability rules. Currency fluctuations and falling oil prices provided short-term respite, but strong demand and rising prices of soybean oil suggested possible market stability.

In Q4 2024, the palm kernel oil prices in the Netherlands reached 1,623 USD/MT in December. As indicated through the palm kernel oil price chart, the Netherlands' market experienced rising costs as a result of logistical problems, global demand, and limited supply. Availability was hampered by unfavorable weather in important production areas as well as supply chain issues from Malaysia and Thailand. The price increase was also influenced by Indonesian export limitations and currency volatility. The demand for sustainable oils kept driving up PKO import costs during the quarter, even while prices of coconut oil remained steady.

Palm Kernel Oil Prices Outlook Q3 2024

• Malaysia: US$ 1,345/MT
• Netherlands: US$ 1,550/MT

The palm kernel oil prices in the Malaysia for Q3 2024 reached 1,345 USD/MT in September. Malaysia faced notable price shifts, aligning with regional trends. Production constraints coupled with persistent global demand strained inventories. Importers took advantage of currency variations to secure cost-efficient contracts, reflecting strong market confidence amid dynamic trading conditions and sustained demand for the commodity.

The price trend for palm kernel oil in Netherlands for Q3 2024 settled at 1,550 USD/MT in September. The Netherlands saw pronounced price increases due to regional supply disruptions and strong global demand. Cautious buying further restricted availability as traders anticipated continued price surges. These dynamics underscored a positive pricing dynamic, marked by strategic market adjustments and resilient consumer confidence.

Palm Kernel Oil Prices Outlook Q4 2023

• USA: US$ 898/MT

The price of palm kernel oil in the United States for Q4 2023 reached 898 USD/MT in December. The market across the region experiences a significant rise in prices on account of the restricted arrival of the product, substantially increasing demand, and trader disruption on account of the Red Sea dispute. A notable factor contributing to the price increases was the significant shortage in inventories, which led market participants to revise their pricing strategies to protect profit margins. Due to the heavy dependence of USA on importing Palm Kernel Oil from Malaysia, fluctuations in Malaysian provinces had a substantial impact on the international market of trading nations.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the palm kernel oil prices.

Global Palm Kernel Oil Price Trend

The report offers a holistic view of the global palm kernel oil pricing trends in the form of palm kernel oil price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of palm kernel oil, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed palm kernel oil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Palm Kernel Oil Price Trend

Q2 2025:

In Q2 2025, prices in Europe, particularly in Germany, were notably impacted by a variety of interlinked factors. One of the key influences was the downward quarterly trend in the APAC-China region. As Germany’s market mirrored this fall, there were price reductions throughout the quarter, with spot prices finishing at lower levels. This trend was not an isolated incident but was a part of a broader global market adjustment, where oversupply and cautious demand from key sectors contributed to softening prices across the board. Palm kernel oil production costs in Europe displayed a mixed picture. On one hand, the global supply remained stable, offering some relief to producers. On the other hand, rising input costs driven largely by energy and transportation price hikes, limited the extent of cost reductions. These rising operational expenses acted as a counterbalance to any benefits from stable supply levels, contributing to a tempering effect on the overall production costs of palm kernel oil in Europe. As such, while the market experienced price declines, production costs did not decrease at the same pace, adding complexity to pricing strategies.

Q1 2025:

As per the palm kernel oil price index, the fluctuating Euro against the US dollar, coupled with logistical challenges and freight disruptions, influenced the cost of importing palm kernel oil into Europe. Besides, export restrictions imposed by major producing nations further constrained supply and contributed to the continued price volatility during the quarter. 

Q4 2024:

In Q4 2024, the market experienced price spikes that were mostly caused by geopolitical factors and worldwide supply shortages. Due to shortages brought on by production hiccups in major palm oil exporting countries, import prices increased throughout Europe. While distribution was hampered by logistical inefficiencies and supply disruptions from Malaysia and Thailand, export values increased as a result of the euro's decline. Escalated demand in the oleochemical industry affected inventory turnover. Even after a brief period of stability, supply-side instability was exacerbated by Indonesia's continuous export restrictions that limited European purchases.

Q3 2024:

The palm kernel oil market in Europe experienced considerable price increases in Q3 2024, shaped by consumption surges and regional supply challenges. Bad climatic conditions in leading producing countries disrupted shipments, tightening spot market availability. The Netherlands saw notable price volatility, with sellers struggling to meet robust demand amidst a constrained supply landscape. Speculative buying further tightened availability as participants anticipated continued price hikes. These factors fostered an optimistic market sentiment, with suppliers raising prices on limited stocks. Strategic adjustments and resilient consumer demand characterized a bullish quarter for the European edible oil market.

Q4 2023:

Palm Kernel Oil prices in the Europe region witnessed a rise during the first quarter of 2024. This rise was caused due to the limited increase in demand in confluence with restricted inventories among suppliers. Furthermore, these limited inventories were made worse by a slowdown in trade that This was due to a decreased supply of palm kernels and fruits, which further restricted the availability of products to the nations that imported goods, including Europe. In addition, the pace of imports was subject to ongoing interruptions, which had an effect on the supply of palm kernel oil throughout the area. Adding to the complexities was the situation in the Red Sea, which had an impact on shipments to nations in Africa, Europe, and the United States.

This analysis can be extended to include detailed palm kernel oil price information for a comprehensive list of countries.

North America Palm Kernel Oil Price Trend

Q2 2025:

As per the palm kernel oil price index, the market in North America experienced a notable decline in prices, driven by a combination of improving supply conditions and a cautious demand outlook. Throughout the quarter, PKO prices followed a consistent downward trend, reflecting broader market conditions that were influenced by several factors. The downward pressure was partly due to increased global supply, particularly from key Southeast Asian producers like Malaysia and Indonesia. These regions benefitted from improved refining stability and a recovery in palm kernel extraction rates, which allowed for higher production and more consistent product availability. The demand side of the PKO market in Q2 2025 remained relatively weak, contributing significantly to the overall decline in prices.

Q1 2025:

In February 2025, the United States saw a sharp hike in palm kernel oil (PKO) import prices, which can be attributed to a complex mix of global supply disruptions and shifting trade policies. One of the key drivers of this surge was the growing anticipation of consistent and rising overseas demand from key end-user sectors such as food processing, cosmetics, and biodiesel production. Besides, the uncertainty surrounding the geopolitical landscape and evolving trade policies created substantial volatility in the market. With limited availability from key suppliers, the U.S. faced rising competition for the shrinking pool of PKO supplies, which only exacerbated the price increase.

Q4 2024:

Due to limited supply and rising demand, the palm kernel oil industry struggled with rising global prices throughout Q4 2024. Procurement costs increased as a result of disruptions in important production regions, particularly Malaysia, which limited supplies. Prior to the holidays, the food, cosmetics, and biofuel sectors inflated their stockpiling, which raised import costs even further. Strong demand from the food and oleochemical industries kept commerce strong despite changes in the price of crude oil and uncertainty surrounding changes in the U.S. Federal Reserve's monetary policy. Cost pressures were somewhat lessened by a higher US dollar, but market participants were nonetheless wary due to supply shortages and persistent seasonal demand.

Q3 2024:

The palm kernel oil prices in North America saw a marked rise during the third quarter of 2024, influenced by regional and global market dynamics. Robust consumption from various sectors prompted importers to build stockpiles, amplifying supply-side pressures. Simultaneously, manufacturing slowdowns in major producers, Indonesia and Malaysia, added strain to the supply chain. Freight costs further inflated prices as logistics challenges compounded. In response, market players adapted pricing strategies to maintain competitiveness and maximize returns. Positive market sentiment prevailed, reflecting adaptability and growth in the edible oil sector, supported by strategic pricing and inventory management.

Q4 2023:

Palm kernel oil prices experienced a rise across the North American region due to a substantial increase in prices, on account of the restricted availability of the product, constant rise in the demand, and trader disruption due to the Red Sea dispute. In addition, the increased rates of container freight emerged as a key trigger contributing to the price spike, which had a particularly severe impact on companies that are dependent on marine transportation.

Specific palm kernel oil historical data within the United States and Canada can also be provided.

Middle East and Africa Palm Kernel Oil Price Trend

Q2 2025:

The report explores the palm kernel oil trends and palm kernel oil price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on palm kernel oil prices for countries can also be provided.

Asia Pacific Palm Kernel Oil Price Trend

Q2 2025:

The trends in palm kernel oil production costs played a significant role in maintaining competitive pricing throughout the quarter. A major driver behind this was the robust export volumes from Indonesia and Malaysia, which benefitted from favorable weather conditions and strong harvesting outputs. These elements helped ensure a steady supply of PKO at relatively stable production costs, despite market pressures. However, the competitive pricing environment, while beneficial for consumers, contributed to the overall price softness, further exacerbating the downward trend in spot prices. The demand outlook exhibited a marked weakness, particularly in industries such as oleochemicals, personal care, and food processing. Economic uncertainties and cautious buying behaviors dominated the market, as companies worked through existing inventories instead of replenishing them aggressively. This resulted in reduced consumption, further supporting the softer price trend.

Q1 2025:

The market faced significant disruptions in early 2025 due to a combination of factors, including policy changes in key palm oil-producing nations and operational halts at major palm oil companies. These disruptions, in turn, contributed to tighter supply conditions and rising prices, adding considerable strain to the supply chain. One of the most impactful factors driving supply constraints was the implementation of a new biodiesel mandate in Indonesia, the world’s largest palm oil producer. Starting January 2025, the Indonesian government raised the required biodiesel blend. Besides, Malaysia, another major palm oil producer, also experienced a significant reduction in palm oil and palm kernel oil output as one of the largest and most influential palm oil companies, temporarily suspended its plantation activities due to unforeseen circumstances.

Q4 2024:

In Q4 2024, the industry saw ongoing price increases, mostly as a result of global demand and weather-related supply shortfalls. Rainfall during the monsoon season decreased palm kernel yields, which limited the supply of raw materials and raised production prices. Although it enhanced export competitiveness, a lower ringgit further increased costs. Market pressure inflated due to a greater number of purchases made before the holiday season, and operating costs grew higher as a result of sustainability certifications. Bullish attitude persisted despite brief price declines in mid-December due to reasons like rising soybean oil prices and ongoing global demand. Unfavorable weather, manpower shortages, and supply chain bottlenecks exacerbated output limitations, making market stability difficult.

Q3 2024:

The Asia-Pacific region experienced robust palm kernel oil pricing in Q3 2024, supported by rising consumption in sectors such as biofuels, food, and oleochemicals. Supply constraints, including reduced production in the top global producers complicated inventory replenishment efforts. Rising product consumption in major economies, including China and India, drove prices higher. Importing countries leveraged currency variations and adopted strategic procurement methods to offset financial risks. This confidence, reflected in their contracts, underpinned the market’s upward momentum. The quarter ended on a positive note, with pricing trends highlighting the region's dynamic trading environment.

Q4 2023:

Palm kernel oil prices in the Asia-Pacific region were impacted by a number of factors during the first quarter of 2024, with China being the main source of these price swings. The price hikes were driven by increased downstream purchases as well as restricted arrivals from major producing regions such as Malaysia during this time period. This tendency was further fueled by the higher levels of local spending as well as the devaluation of the Chinese Yuan in comparison to the United States Dollar. The flow of trade was momentarily disrupted by festive celebrations, which led to an exacerbation of supply-demand imbalances and a short halt in manufacturing operations and trading.

This palm kernel oil price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Palm Kernel Oil Price Trend

Q1 2025:

Latin America's palm kernel oil market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in palm kernel oil prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the palm kernel oil price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing palm kernel oil pricing trends in this region.

This comprehensive review can be extended to include specific countries within the region.

Palm Kernel Oil Price Trend, Market Analysis, and News

IMARC's latest publication, “Palm Kernel Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the palm kernel oil market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of palm kernel oil at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed palm kernel oil prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting palm kernel oil pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Palm Kernel Oil Industry Analysis

The global palm kernel oil market size reached USD 15.62 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 22.42 Billion, at a projected CAGR of 3.90% during 2025-2033.

• The market for palm kernel oil is being heavily driven by the worldwide trend toward natural and organic products. As consumers are becoming more aware of the possible health dangers associated with synthetic compounds, they are seeking products that are produced from natural sources. The seeds of the oil palm tree, also known as Elaeis guineensis, are the source of palm kernel oil, which is abundant in lauric acid. Lauric acid is well-known for its antibacterial and moisturizing characteristics. It is utilized in the production of soaps, lotions, and creams due to these characteristics, thus making it a popular choice. According to a market research report published by GITNUX, the global natural and organic beauty market reached US$ 36.7 Billion by the year 2021. Other than this, palm kernel oil is a frequent ingredient in the creation of margarine, confectionary, and baked products. It is an excellent option for frying and cooking due to its high oxidative stability, which further increases the demand for it.
• Economic factors play a crucial role in the palm kernel oil market. When compared to other vegetable oils, such as coconut oil and soybean oil, palm kernel oil is a more economical choice. On account of its high yield per hectare and relatively cheap production costs, it is an appealing choice for producers that are aiming to maximize their profit margins. This makes it a staple ingredient in a variety of goods and enhances its economic viability. In addition to providing a steady source of income for farmers, the consistent output and economic efficiency of palm oil production also makes a substantial contribution to the economy of nations that produce palm oil.
• Palm kernel oil finds significant use in the pharmaceutical industry due to its unique properties and health benefits. Lauric acid is a medium-chain fatty acid that is renowned for its antibacterial, antiviral, and antifungal activities. The oil has a high concentration of lauric acid. On account of this, it is an important component in the production of a wide range of therapeutic and pharmaceutical goods. For instance, lauric acid is frequently used in the production of antimicrobial therapies, which contribute to the battle against infections and assist in improving the results for patients. According to the IMARC GROUP, the India pharmaceutical market reached US$ 54.6 Billion in 2023, and is expected to reach US$ 163.1 Billion by 2032, projecting a growth rate of 12.3% during 2024-2032. In addition, the pharmaceutical industry makes use of palm kernel oil in the manufacturing of excipients, which are chemicals that are not active but are utilized as carriers for the active components of a treatment. Due to its durability and compatibility with other components, the oil is an excellent option for the production of medicinal formulations that are reliable and efficient. It is able to give the essential consistency and stability for encapsulating liquid pharmaceuticals and supplements, therefore palm kernel oil is also utilized in the creation of capsule shells, particularly soft gels. This is on account of its capacity to provide the requisite consistency.

Palm Kernel Oil News

The report covers the latest developments, updates, and trends impacting the global palm kernel oil industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in palm kernel oil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the palm kernel oil price trend.

Latest developments in the palm kernel oil industry:

• March 2024: Henkel AG & Co. KGaA is focusing on covering 100% of its demand with oils whose responsibilities are certified or externally confirmed by 2025. All palm and palm kernel oil used as a basis of the ingredients in their products should be derived from sustainably cultivated sources in line with the RSPO’s Mass Balance model. They are also aiming at sourcing selected palm oil and palm kernel oil-based materials where feasible and available according to the RSPO’s segregation model.

Product Description

Palm kernel oil is a type of vegetable oil derived from the seeds (kernels) of the oil palm tree, Elaeis guineensis. This oil is distinct from palm oil, which is extracted from the fruit's flesh of the same tree. Palm kernel oil is characterized by its high content of lauric acid, making it solid at room temperature and giving it a unique set of properties that make it valuable across various industries.

In terms of usage, palm kernel oil is incredibly versatile. In the food industry, it is commonly used in the production of margarine, confectioneries, and baked goods due to its stability and desirable texture. In the cosmetics and personal care sector, it is a key ingredient in soaps, lotions, and creams, due to its moisturizing and skin-conditioning properties. The pharmaceutical industry also utilizes palm kernel oil in the formulation of medicinal products, excipients, and topical treatments. Additionally, it is used in the production of biofuels, particularly biodiesel, contributing to renewable energy solutions.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of palm kernel oil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting palm kernel oil price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The palm kernel oil price charts ensure our clients remain at the forefront of the industry.