Palm kernel oil prices rose strongly in July, outperforming other major vegetable oils amid shifting demand. Lower coconut oil prices, a close substitute, widened the gap and pulled buying toward palm kernel oil. The move points to firmer near-term pricing for the commodity.
Global coconut oil production rose in 2025/26, boosting stocks and lowering coconut oil prices. The 2026/27 outlook shows rising coconut oil consumption supported by ample inventories and a shift in demand away from crude palm kernel oil (CPKO), indicating weaker CPKO demand and potential price easing.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Palm Kernel Oil | USA | FOB | USD 1,769.45/MT | August 2026 |
| Palm Kernel Oil | Saudi Arabia | FOB | USD 1,679.28/MT | August 2026 |
| Palm Kernel Oil | Russia | FOB | USD 1,344.23/MT | August 2026 |
| Palm Kernel Oil | China | FOB | USD 1,202.04/MT | August 2026 |
| Palm Kernel Oil | Canada | FOB | USD 1,311.54/MT | August 2026 |
| Palm Kernel Oil | USA | FOB | USD 1,726.29/MT | July 2026 |
| Palm Kernel Oil | Saudi Arabia | FOB | USD 1,646.35/MT | July 2026 |
| Palm Kernel Oil | Russia | FOB | USD 1,299.40/MT | July 2026 |
| Palm Kernel Oil | China | FOB | USD 1,183.11/MT | July 2026 |
| Palm Kernel Oil | Canada | FOB | USD 1,279.55/MT | July 2026 |
Stay updated with the latest Palm Kernel Oil prices, historical data, and tailored regional analysis
Asia
In China, the average prices of Palm Kernel Oil were ~USD 1,183.11/MT (FOB) in July and ~USD 1,202.04/MT in August, showing a ~1.6% increase. Palm kernel output in Malaysia, a main origin, rose in both July and August. However, palm oil production was still lower than a year earlier, and palm export prices rose in August in line with petroleum prices, which kept costs firm. Malaysian PKO exports jumped in August, showing stronger buying interest. Gains in China stayed modest because Malaysian palm oil stocks built up as palm oil exports fell, which weighed on the wider palm market.
Europe
In Russia, palm kernel oil averaged approximately USD 1,299.40/MT (FOB) in July and rose to about USD 1,344.23/MT in August, an increase of ~3.5%. Regional values tracked European import costs, which climbed sharply in July as vegetable oil markets firmed with crude oil, before easing in August. Supply that meets the EU Deforestation Regulation, due to take effect in December 2026, traded at a clear premium as buyers secured compliant material in advance. Lower global production forecasts for the season also supported prices.
North America
In the USA, average palm kernel oil prices moved from nearly USD 1,726.29/MT (FOB) in July to roughly USD 1,769.45/MT in August, a rise of ~2.5%. Canada recorded a similar increase from ~USD 1,279.55/MT (FOB) to ~USD 1,311.54/MT. The region relies on imports and pays close to world prices, so higher global costs passed through directly. Soybean oil, a competing oil, eased from its earlier highs in August, which limited further gains.
Analyst Insight
According to Procurement Resource, palm kernel oil prices are likely to stay firm on lower global output and demand for regulation-compliant supply, though rising palm stocks may limit further gains.
Related Report
Need Latest Palm Kernel Oil Prices?
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Our Clients
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
Asia
Palm Kernel Oil prices in China increased to ~RMB 8.02/kg in April and ~RMB 8.08/kg in May, showing a ~0.8% increase during the first two months of Q2’26. The Asian market saw strong availability in April as Malaysian palm kernel output and crude palm kernel oil production increased, supporting exports and limiting supply pressure. Malaysian palm kernel oil exports also increased during the month, supported by stronger oleochemical trade. However, market conditions softened in May as export demand weakened and oleochemical activity slowed. Lower palm kernel oil exports and reduced oleochemical shipments indicated weaker external demand. Production also declined in May, but higher palm complex inventories and lower import requirements limited price recovery. Early June sentiment improved as lower palm production estimates and firmer crude oil prices provided support to palm-based products.
Europe
European palm kernel oil markets remained stable to softer during Q2’26 as weaker oleochemical demand offset higher processing costs. Demand from soaps and detergents declined, reducing consumption of palm kernel oil derivatives, while cosmetics production provided limited support. Chemical industry utilisation remained below historical levels due to weak orders and excess capacity across oleochemical chains. High energy costs continued to support production expenses for processing activities such as fractionation and conversion into fatty acids, fatty alcohols and surfactants. Lower chemical trade activity also reflected cautious purchasing conditions among industrial users.
North America
Palm Kernel Oil prices in the United States remained unchanged at ~USD 1,735.22/MT in the first two months of the second quarter of 2026. The market remained supported by higher landed costs despite softer origin-side conditions. Import expenses increased due to higher fuel, petroleum and industrial material costs, limiting the impact of weaker export demand from producing regions. Logistics costs also increased, adding pressure on delivered prices for imported ingredients. Downstream demand from home and personal-care products remained supportive, with continued consumption of palm kernel oil derivatives in soaps, cleansers and household applications. However, no major supply disruptions or capacity changes were reported during the quarter.
Palm Kernel Oil is known as an edible plant oil that is extracted from the kernel of the oil palm fruit. It is manufactured by the physical refining of crude palm kernel oil. Its properties as well as composition differ significantly from palm oil.
Palm Kernel Oil is generally semi-solid at room temperature unlike other oil-types which are obtained from the rest of the fruit. This oil resembles coco oil as when it is eaten, it produces a soft sensation in the mouth like cacao. Due to its neutral taste and long life, palm kernel oil can also be utilised as a substitute for cacao and fats found in milk.
Cosmetics, Food Products, Solvents, Intermediates, Other
Cargill, Incorporated, Wilmar International Ltd, BASF SE, Bunge Loders Croklaan (Bunge Limited), Natures Natural India, IOI Corporation Berhad
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The conventional oil extraction process to manufacture Palm Kernel Oil involves frying of palm kernels in old oil or heating the dried nuts. The fried kernels are further ground to a paste in a motorised grinder. The paste is then mixed with a small quantity of water and finally heated to recover the Palm Kernel Oil.
Our Price Analysis Methodology
Senior Business Insights Analyst
Delivering price trend analysis and procurement market insights at Procurement Resource, with expertise in identifying commodity patterns, supporting purchasing strategies, and improving cost efficiency through actionable market intelligence.
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
This report presents a detailed cost analysis of methyl ester sulphonate production from palm oil.
Corn Oil Manufacturing Plant Project Report thoroughly focuses on every detail that encompasses the cost of manufacturing. Our extensive cost model meticulously covers breaking down expenses around raw materials, labour, technology, and manufacturing expenses. This enables precise cost structure optimization and helps in identifying effective strategies to reduce the overall cash cost of manufacturing.
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply–demand dynamics and capacity-driven market analysis
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
