Palm Oil Market Report

Palm oil production is set to reach 98.82 million tonnes globally, at a CAGR of 5.9% from 2019 to 2024. Palm oil exports dropped to 48.7 million tons in 2019/20, compared to 51.5 million tonnes the year before. Palm oil prices rose to a nine-year high in January 2021, owing to increased production in the world’s top producing countries, Malaysia and Indonesia which contribute to 85% of world production. This report addresses an overview of the palm oil landscape, including production, consumption, imports, and exports. Emphasis is on key global players including Indonesia, Malaysia, and the Netherlands.