Palm oil price history, 1960 to 2026

Malaysia, CIF Northwest Europe averaged $1,117/t in August 2026, +9% over twelve months and +45% over ten years. The nominal all-time high was $1,777/t in March 2022; in 2024 dollars the real peak was $5,167/t in October 1974. Monthly averages, World Bank Pink Sheet.

Malaysia, CIF Northwest Europe

Derived price statistics per series
Series	Latest	1 month	12 months	5 years	10 years	20 years	All-time high (nominal)	All-time high (real, 2024 US$)
Malaysia, CIF Northwest Europe $/t, since 1960	1,117 August 2026	+1%	+9%	-2%	+45%	+109%	1,777 March 2022	5,167 October 1974

Percentage changes compare the latest monthly average with the monthly average 1, 12, 60, 120 and 240 months earlier. Real prices deflate by the US consumer price index (BLS via FRED) to 2024 dollars.

Source: World Bank Pink Sheet, 2026-09-02, fetched 6 September 2026 (CC BY 4.0).

Prices are monthly benchmark averages that may lag the market; informational only, not investment, legal or trade advice. For what these benchmarks mean and how they are set, see how palm oil is priced.

Monthly palm oil prices by decade

Choose a decade. Values are monthly averages in the unit shown; blank cells mean no quote was published.

Malaysia, CIF Northwest Europe ($/t)

Malaysia, CIF Northwest Europe monthly prices, 1960s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1960	233	229	225	225	225	219	221	225	224	222	222	223	224.4
1961	223	228	231	233	234	233	229	226	226	226	226	226	228.4
1962	236	237	223	220	219	216	213	209	205	197	208	211	216.2
1963	218	218	218	218	218	220	222	225	225	227	230	232	222.6
1964	233	233	233	233	233	234	235	236	238	251	255	261	239.6
1965	266	283	292	298	303	295	280	258	247	250	250	249	272.6
1966	247	248	245	234	226	225	235	240	240	231	226	231	235.7
1967	234	231	223	223	224	229	229	229	225	222	218	195	223.5
1968	191	191	191	189	186	175	172	150	142	142	143	153	168.8
1969	158	158	180	170	166	165	162	171	181	203	203	255	181

Malaysia, CIF Northwest Europe monthly prices, 1970s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1970	255	256	259	268	279	277	261	240	226	257	270	272	260
1971	273	273	278	269	243	241	263	283	272	254	248	234	260.9
1972	218	185	217	227	228	216	215	221	225	224	219	213	217.3
1973	212	259	280	290	324	371	473	536	424	435	429	497	377.5
1974	579	667	633	614	592	603	610	728	707	840	768	689	669.2
1975	589	498	478	451	392	356	402	473	412	412	379	368	434.2
1976	354	366	376	348	345	395	451	431	457	444	457	457	406.8
1977	462	507	598	647	659	619	520	493	460	450	445	501	530.1
1978	514	558	598	603	624	654	622	585	615	623	604	604	600.3
1979	636	694	688	666	665	675	678	652	640	602	620	630	653.8

Malaysia, CIF Northwest Europe monthly prices, 1980s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1980	662	672	637	611	584	555	545	518	509	507	585	619	583.7
1981	625	640	620	588	599	640	600	531	509	513	500	483	570.7
1982	502	528	507	509	511	494	421	396	380	355	362	376	445.1
1983	372	367	378	419	432	394	425	559	645	671	661	695	501.5
1984	875	875	845	841	951	783	580	562	611	615	616	592	728.8
1985	583	595	651	653	610	556	487	404	360	356	362	390	500.6
1986	342	283	243	242	238	243	221	197	207	272	303	293	257
1987	350	330	313	339	341	342	300	308	335	353	368	432	342.6
1988	486	403	381	403	422	496	517	450	428	431	418	411	437.2
1989	383	401	399	391	406	373	331	309	323	321	301	267	350.4

Malaysia, CIF Northwest Europe monthly prices, 1990s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1990	279	271	286	267	281	272	279	291	284	290	331	346	289.8
1991	349	338	348	319	318	311	341	338	323	345	362	376	339
1992	383	382	396	402	390	404	382	382	391	396	413	401	393.5
1993	410	425	408	392	371	356	362	356	352	333	357	411	377.8
1994	404	387	395	434	488	508	494	575	614	616	707	719	528.4
1995	655	661	687	625	611	631	655	616	586	615	607	590	628.3
1996	535	518	519	562	552	508	476	513	545	532	550	561	530.9
1997	567	580	559	562	553	533	498	504	525	547	556	566	545.8
1998	621	659	671	688	705	633	661	674	703	694	681	663	671.1
1999	632	561	497	509	475	392	319	354	388	381	370	354	436

Malaysia, CIF Northwest Europe monthly prices, 2000s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
2000	348	332	349	372	324	315	312	306	288	255	257	265	310.3
2001	254	240	254	251	234	255	330	362	310	277	323	360	287.5
2002	374	353	359	360	385	426	422	446	425	427	465	489	410.9
2003	486	477	454	443	454	466	458	439	441	515	548	540	476.8
2004	527	564	584	575	537	471	455	458	468	451	455	446	499.3
2005	419	423	458	458	450	452	455	448	454	468	467	457	450.8
2006	459	474	473	476	484	478	499	534	511	514	572	626	508.3
2007	638	645	661	743	816	833	855	831	852	926	999	1,002	816.8
2008	1,122	1,269	1,377	1,320	1,326	1,293	1,213	964	826	636	581	587	1,043
2009	659	656	660	800	873	789	698	746	704	725	763	822	741.3

Malaysia, CIF Northwest Europe monthly prices, 2010s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
2010	831	830	863	863	855	826	844	944	949	1,026	1,131	1,235	933.1
2011	1,304	1,327	1,242	1,220	1,230	1,192	1,183	1,205	1,137	1,045	1,113	1,122	1,193
2012	1,124	1,146	1,195	1,234	1,125	1,028	1,053	1,022	1,001	886	863	844	1,043
2013	885	920	892	874	879	877	827	819	826	860	904	886	870.8
2014	863	904	954	927	898	862	854	779	761	764	765	720	837.6
2015	720	723	699	683	697	706	680	601	600	637	608	607	663.4
2016	612	679	716	775	753	718	678	771	798	750	767	811	735.7
2017	825	809	779	752	763	735	720	718	754	747	729	679	750.8
2018	703	709	706	701	687	657	616	615	605	590	539	535	638.6
2019	585	603	573	588	564	552	544	586	580	591	685	764	601.3

Malaysia, CIF Northwest Europe monthly prices, 2020s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
2020	810	729	636	609	577	656	694	760	796	819	918	1,016	751.7
2021	990	1,020	1,030	1,078	1,136	1,004	1,063	1,142	1,181	1,310	1,341	1,270	1,130
2022	1,345	1,522	1,777	1,683	1,717	1,501	1,057	1,026	909	889	946	940	1,276
2023	942	950	972	1,005	934	817	879	861	830	804	830	814	886.5
2024	845	857	943	936	859	874	896	933	983	1,077	1,169	1,190	963.5
2025	1,070	1,067	1,068	994	908	935	976	1,026	1,037	1,038	983	980	1,007
2026	1,005	1,039	1,109	1,146	1,136	1,104	1,101	1,117					1,095

Method

Nominal prices are the source's monthly averages in US dollars, stored in the source's unit and never mixed on one chart. Real prices divide each month by the US consumer price index for all urban consumers (BLS series CPIAUCSL, via FRED) and multiply by the 2024 average, so they read as "2024 dollars". Changes are ratios of monthly averages. The all-time high is the highest monthly average, not an intraday peak.

Downloads

All series and statistics as JSON
Monthly prices as CSV (Malaysia, CIF Northwest Europe)

Cite as: Commodity Origins, "Palm oil price history (1960–2026)", https://commodityorigins.com/prices/palm-oil/, data 2026-09-02. Data updated 6 September 2026.