Commodity Origins

Palm kernel oil price history, 1996 to 2026

Malaysia, CIF Rotterdam averaged $2,355/t in September 2026, -2% over twelve months and +63% over ten years. The nominal all-time high was $2,606/t in April 2026; in 2024 dollars the real peak was $3,263/t in February 2011. Monthly averages, World Bank Pink Sheet.

Converted from USD at the latest available monthly average rate (Federal Reserve via FRED); the chart and tables below stay in USD.

Palm kernel oil monthly prices, $/t, Jan 1996 to Sep 2026Line chart of palm kernel oil monthly prices in $/t from Jan 1996 to Sep 2026: Malaysia, CIF Rotterdam from 686 to 2,355, peaking at 2,606.05001,0001,5002,0002,500200020052010201520202025$/tAsian financial crisis begins, Jul 1997 (Thailand floats the baht, 2 July 1997)September 11 attacks, Sep 2001 (11 September 2001)Lehman Brothers collapse, Sep 2008 (NBER Business Cycle Dating Committee, US recession December 2007–June 2009)Fukushima Daiichi nuclear accident, Mar 2011 (11 March 2011)OPEC holds output steady amid oversupply, Nov 2014 (OPEC 166th Meeting, 27 November 2014)COVID-19 declared a pandemic, Mar 2020 (World Health Organization, 11 March 2020)Russia invades Ukraine, Feb 2022 (24 February 2022)Israel-Hamas war begins, Oct 2023 (7 October 2023)
Malaysia, CIF Rotterdam

Dashed lines: Asian financial crisis begins (Jul 1997); September 11 attacks (Sep 2001); Lehman Brothers collapse (Sep 2008); Fukushima Daiichi nuclear accident (Mar 2011); OPEC holds output steady amid oversupply (Nov 2014); COVID-19 declared a pandemic (Mar 2020); Russia invades Ukraine (Feb 2022); Israel-Hamas war begins (Oct 2023). Hover a line for the source of its date.

Derived price statistics per series
SeriesLatest1 month12 months5 years10 years20 yearsAll-time high (nominal)All-time high (real, 2024 US$)
Malaysia, CIF Rotterdam
$/t, since 1996		2,355
September 2026		+4%-2%+65%+63%+333%2,606
April 2026		3,263
February 2011

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, 2026-10-02, fetched 6 October 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 kernel oil is priced.

Monthly palm kernel oil prices by decade

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

Malaysia, CIF Rotterdam ($/t)

Malaysia, CIF Rotterdam monthly prices, 2020s, $/t
YearJanFebMarAprMayJunJulAugSepOctNovDecAverage
20209718026917216857256847397688061,0731,225824.2
20211,3681,3601,4791,4871,5311,4001,2741,3411,4271,8182,0501,8611,533
20222,1962,4432,4412,0641,8111,5551,3011,1731,2491,0391,0621,0671,617
20231,0601,0371,0521,017993928998998958912968966990.6
20249781,0341,1771,2901,1961,1561,3651,4801,5151,6362,0152,0991,412
20251,9621,9472,0642,0902,0031,8602,0972,2642,4142,2732,1531,9932,093
20262,1252,2952,5742,6062,4162,1662,4132,2642,3552,357

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

Cite as: Commodity Origins, "Palm kernel oil price history (1996–2026)", https://commodityorigins.com/prices/palm-kernel-oil/, data 2026-10-02. Data updated 22 October 2026.