Nuts, chemicals products, food and beverages, grains, animal feeds, livestock, health products, energy drinks, solve drinks, seeds, cooking oil, used oil, seafood, inboard/outboard motor engine, spices, coffee beans, green mung beans, fava beans, soybeans, wheat, fertilizers
White spirit , bitumen , base oil , urea, fuel oil, furnace oil, diesel oil, gasoline, wax , hydrocarbon, gilsonite, grease, rpo, lpg gas, solvent
Nuts, chemicals products, food and beverages, grains, animal feeds, livestock, health products, energy drinks, solve drinks, seeds, cooking oil, used oil, seafood, inboard/outboard motor engine, spices, coffee beans, green mung beans, fava beans, soybeans, wheat, fertilizers
Lemon grass oil, lemon grass leaves, essential oils, mint oil, mentha
Sugar, flour, oil, lard, margarine, salt, cornstarch, camote flour, potato flour
Menthol, menthol crystal, mentha arvensis oil, cornmint oil, peppermint oil, dementholised peppermint oil, mentha piperita oil, menthyl acetate, menthafuran, basil oil, spearmint oil, l carvone, isopulegol, pulegone, limonene
Turmeric Powder Milk Powder Palm Oil Lentils Animal & Cattle Feed Rice Coconut Oil Chickpeas Fresh Tuna Fish Fresh Ginger Coffee Beans Pulses Soybean Meal Wheat Sugar Soya Oil Fresh Mackerel Fish Fresh Chicken Sunflower Oil Olive Oil Other Frozen Fishes Maize Wheat Bran Soybean
Long Grain Rice Jasmine Rice Thai Rice Sugandha Basmati Rice Sella Basmati Rice White Rice Brown Rice Sugar 1121 Basmati Rice Sunflower Oil Canned Pineapple Lentils Non Basmati Rice Coconut Oil Rice Steel Rounds Edible Oils Palmolien Oil Chickpeas Palm Oil
Silica Sand, Crude Oil, Jet A1 Fuel, Lubricants Coconut Oil And Allied Products, Cinnamon Quills & Cinnamon Bark And Leaf Oil, Spices Like Pepper, Saffron, Cardamom, Natural Rubber Products And Food Seasonings And Ceylon Black Tea.
Fish, Chicken, Oil, Rice
Pepper, Cardamom, Cinnamon, Citronella, Cloves, Ginger, Mace, Lemongrass, Nutmeg, Pot Tamarind, Turmeric, Vanilla, Herbs, Cocoa, Betel, Areca Nuts
Jpai, jp54 , tsi, d2 , ago , d6, en50, 500ppm, d 50ppm, bio diesel, hsd2, mazut 100, rebco, lco, epso, bony light crude, bitumen, lpg , lng, gasoline(all grades) , light cycle oil, ifo 280, hfo 380, jet oil , base, kerosene( heating oil), methanol, sulfur, dap, urea
Fondant Glaze sugar paste confetti vermicelli sprinkles crushes fruit fillings Morde chocolate chocolate slab compound splash colour food colour essence
Green coffee beans, black cumin oil, flaxseed oil
Menthol, menthol crystal, mentha arvensis oil, cornmint oil, peppermint oil, dementholised peppermint oil, mentha piperita oil, menthyl acetate, menthafuran, basil oil, spearmint oil, l-carvone, isopulegol, pulegone, limonene
Organic unrefined shea butter, cocoa butter and african black soap
Organic essential oil, thyme oil, juniper oil, laurel oil, lavender oil, herbal extract, natural vinegar, cosmetic, natural shampoo, natural soap, massage oil, massage cream
Raw cashew nuts, sesame seeds, sesame seed oil, peanuts, peanut oil, shea butter, dry split ginger, dry chilies pepper, stone flower, gum olibanum, gum arabic, hibiscus flower, charcoal, cocoa, cocoa powder, cocoa butter, sugar, yellow corn, corn meal, corn oil and soybean meal, soybean, soybean oil, sunflower, sunflower meal and sunflower oil
Groceries
Fresh avocado, avocado oil, cinnamon leaf oil, cinnamon bark oil, citronella oil, black pepper, ginger,
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.
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