Baby food
baked goods
bean products
canned food
coffee
confectionery
dairy
drinking water
egg & egg products
food ingredients
fruit products
grain products
honey products
instant food
meat & poultry
other food & beverage
seafood
seasonings & condiments
snack food
soft drinks
tea
vegetable products
agricultural waste
animal products
beans
cocoa beans
coffee beans
farm machinery & equipment
feed
fresh seafood
fruit
grain
nuts & kernels
ornamental plants
other agriculture products
plant & animal oil
plant seeds & bulbs
timber raw materials
vanilla beans
vegetables
biodiesel
charcoal
coal
crude oil
wood pellets
Wheat flour,refined soybean oil, sunflower oil
Refined soybeans oil, cooking/frying oils and shortenings, foodstuff
Diesel d2, diesel en590, diesel d6 virgin fuel oil, high speed diesel hsd2 50ppm
Crude oil, petroleum products
Biodiesel, soybean seeds, soybean oil
Bonny Light Crude Oil, Liquefied Natural Gas
Olive Oils, Extra Virgin Olive Oil, Vegetable Oils:
Sunflower Oil, Soybean Oil, Seed Oil And Groceries
Wood Pellet, Firewood, Charcoal, Wood Briquette, Sawdust And Wood Shaving, Sunflower Oil, Corn Oil, Olive Oil ,Pet Bottle Scrap,Pet Flakes,Pvc Scrap,Pp Scrap,Hdpe Scrap,Ldpe Srap
Fresh and frozen seafood, high quality fish like mackerel, barracuda, ribbon fish, croakers, bangamary, grunts, poyo, shark, jamaican weakfish, kingfish
Exporters of quality fresh fruits like apples, pears, oranges, lemons,grapefruit, grapes, stone fruit, vegetables like onion, tomato, carrots, potato, butternut, sweet potato, beverages, juices, concentrates
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.
