Palm oil prices averaged USD 1,294 per metric ton in November, down 4.0% from October. On 28 November, the commodity traded at USD 1,275 per metric ton, down 4.1% from 31 October.
Palm oil prices in November were the lowest since June. In November, Malaysian inventories spiked, imports from top buyer India were the weakest in five months in October, and public policy shifts in Indonesia—regarding illegal plantations plus the country’s biofuel mandate—added further downside pressure.
This chart displays Palm Oil (US$/mt) from 2023 to 2025.
Palm Oil (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Palm Oil | - | - | - | 927 | 999 | 1,037 | 1,082 | 1,353 | 1,475 | 1,303 | 1,334 | - |