Sunflower oil, blended cooking oil, palm oil, corn oil, basmati rice, canned tuna, canned mackerel, canned sardines, white sugar, coffee, juices, biscuits & wafers
Sugar icumsa 45, sugar icumsa 150, sugar icumsa 600, sugar icumsa 1200, refined sunflower oil, rapeseed oil, canola oil, soybean oil, corn oil, reused oil, petrol & gas
Sunflower oil, olive oil, wheat, rice, coffee, tea, virgin coconut oil, organic olive oil, soybean meal, soybean oil, palm oil, corn oil, hard wheat flour
Agro Products Like Rice, Chemicals, Beauty And Cosmetics, Essential Oils, Incense, Organic Oils
Sunflower oil, olive oil, wheat, rice, coffee, tea, virgin coconut oil, organic olive oil, soybean meal, soybean oil, palm oil, corn oil, hard wheat flour
Charcoal, industrial chemicals, palm oil, petroleum by-products, metal scraps, cosmetics & beauty products, crude oil, medical supplies & disposables, pepper, medical gloves, bitumen
Petroleum By Products LPG/LNG & CNG Sulphur Gas Lighters Diesel Crude Oil Urea Aviation Supplies Sunflower Oil Palm Oil Fuel Saving Devices Kerosene Oil
Diesel en590 10 50 500 5000 and others ppm ultra low sulphur.
d2 0,2 62 gost 305 82 or 0,01 or 0,05.
d2 automotive fuel oil (ago).
Natural African skincare & beauty products like shea butter, cocoa butter, rosehip seed oil, beeswax, oils
Chocolate, Sugar Paste , Rice, Oil , Tomato Paste , Sugar , Frozen, Sauces ,Canned Food, Spices
D6, Ja1, En590, Lco, Espo, Lng, Soybeans, Edible Oils, Ordinary Portland Cement
Construction and oil & gas equipments, machineries, tools & accessories and all type of metals & cable scrap.
Amber, raw amber, sturgeon black caviar, wheat, wheat flour, corn, sugar, raw oil, sunflower oil, chicken eggs, soybean
Nuts And Kernels
Cut foliage and greens, dracaena sanderiana, purple compacta, rhapis excelsa, dracaena massangeana, areca came palm
Sugar,knitted & woven fabrics,petroleum by products,trousers & shorts,palm oil,shirts & t shirts,knitted & woven garments,vegetables,dry fruits & nuts,corn
Bulk packaging solutions, plastic pallets, cardboard ibc for bulk packaging ( european standard ), flexi tanks for bulk liquid packaging and movements, ibc's for food and liquid, flexi tanks for for food /liquid and non dg liquid, cartons ibc's for bulk packaging, plastic pallets and boxes for bulk packaging, chemical solutions for vessel, tanks, totes and ibc's cleaning
business zone for agriculture products, animal feed, wheat, wheat bran in flax, wheat flour, sunflower oil, hulled, sesame seeds, spices ( masala ), sugar, rice, palm oil
Ferric chloride (liquid, anhydrous, hexahydrate), hydrochloric acid, nitric acid, sulphuric acid, acetic acid, sulphamic acid, poly aluminium chloride, copper sulphate, aluminium sulphate, calcium chloride, calcium hypochlorite, calcium hydroxide, calcium nitrate
Cashew nuts, a4 paper, sisal fiber, white rice, sugar, sesame seeds,macadamia nuts, oil, gloves, surgical mask
Nuts, chemicals products, food and beverages, grains, animal feeds, livestock, health products, solve drinks, seeds, cooking oil, used oil, seafood, inboard/outboard motor engine, spices, coffee beans, green mung beans, fava beans, soybeans, wheat, fertilizers
Palm oil is one of the most widely consumed vegetable oils. Sourced from the fruit of the palm tree, this oil is used in a number of edible and personal care products. In fact, its unique composition is responsible for its versatile applications (food, cosmetics, pharmaceuticals, and biofuels). Today we all are aware of its significance in the global trade market. But do you know that it was one of the most sought-after commodities during Britain's Industrial Revolution? It is because of their extensive use as an industrial lubricant for machinery. As global consumption keeps growing, palm oil buyers actively seek reliable suppliers who can provide bulk quantities at the best rate.
There are very few commodities that hold as much influence over the global economy as palm oil. This versatile oil has a critical role across multiple industries. Manufacturers prefer this edible oil because it produces a higher oil yield per hectare than other oil-producing crops, such as soybeans or sunflowers. In the year 2022-23, the palm oil market alone accounted for around 35.7% of the world's vegetable oil production. And it grew further as the demand for this commodity increased in nations like China and India.
The increasing demand for palm oil is driven by various factors. More than half of the packaged products that we see in supermarkets are made from palm oils. It is an essential ingredient in a range of products, from packaged foods and snacks to cosmetics. Furthermore, it is also a sustainable & renewable alternative to fossil fuels for biofuel production.
Palm oil is more affordable and economically viable as it offers a higher yield per hectare when compared to other vegetable oils like soybean oil. This commodity also has a major global economic impact as it supports the livelihoods of millions of people worldwide. Did you know palm oil is the top agricultural export of Indonesia and Malaysia? It makes up about 10% of Indonesia’s exports and 5% of Malaysia’s, generating lakhs of job opportunities in these regions (Source: European Parliamentary Research Service (EPRS).
Buyers source palm oil bulk in different forms based on their requirements and end-use. Here are the following types of palm oils popular in the international trade business:
In addition, exporters also trade associated by-products, such as palm kernel, palm kernel cake, palm nuts, etc. Moreover, you can also expand into related edible oils segments like Corn oil, Soybean oil, Sunflower oil, & Rapeseed oil, especially in price-sensitive markets. You can also explore other highly-demanded commodities such as Mustard oil, Coconut oil, and Olive oil in regional specialty categories.
In order to successfully carry out your export operations, it is important to make well-informed, strategic decisions. And staying updated with the latest market insights can be your way to go!
Global Market Size:
Source: IMARC
Top Importing Countries (2024) and their Average Price Range
Source: Seair Exim
To get the latest price updates on edible oils like palm oil or connect with fellow agri-traders, visit our Communities section.
Reaching out to the right buyers looking for palm oil can be really hectic, especially if you don't know where to start. Whether you want to connect with palm kernel oil buyers or you are searching for a buyer crude palm oil, here are the most effective methods that can be useful in your quest.
1. How can I find palm oil buyers?
Here are the most effective ways to find genuine & reliable palm oil importers or buyers globally:
2. Who are the major buyers of palm oil?
Here are the major palm oil buyers as per their ranking:
3. Who is the largest consumer of palm oil in the world?
Currently, India is the largest consumer of palm oil worldwide, followed by China and the EU.
4. What is the import duty on palm oil in India?
India has cut the basic import duty on crude palm oil from 20% to 10% to boost local refining. With additional charges, the total effective duty is around 16.5%. You can always check out DGFT notifications for updated rates.
5. What is the current price of palm oil?
Though the price may change depending on factors like grade, origin, and logistics, the average palm oil price per ton varies between $850–$1,100 per metric ton.
6. What is the palm oil HSN code?
1511 is the palm oil HSN code.
Click here to know more about Palm Oil Q&A.
