World Bank Predicts Palm Oil Price Decline Until 2025

Economics & Macro

Lite

Adi Ahdiat 08/11/2023 12:50 WIB

URL has been copied

Memuat...

The World Bank predicts that palm oil prices will fall from 2023 to 2025.

World Bank Projection of Average Palm Oil Prices per Year (2021-2025)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

World Bank Predicts Palm Oil Price Decline Until 2025

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

World Bank Projection of Average Palm Oil Prices per Year (2021-2025)

Download

Source

A Small Font
A Medium Font
A Bigger Font

The World Bank predicts that palm oil prices will decline from this year until 2025.

This prediction is recorded in the October 2023 edition of the *Commodity Markets Outlook* report.

According to the World Bank, the average palm oil price throughout 2023 will reach US$920 per ton, approximately 28% lower than the previous year's average (year-on-year/yoy).

Then, in 2024, the average price is predicted to further weaken by 2% (yoy), and in 2025 to fall another 6% (yoy), with nominal details as shown in the graph.

In the October 2023 edition of the *Commodity Markets Outlook*, the World Bank does not detail the factors that could potentially suppress palm oil prices in the next two years.

However, in a previous report, the World Bank stated that the European Union's anti-deforestation policy is a long-term risk factor for the agricultural and plantation industry, including palm oil.

"The main long-term risk for agricultural commodity markets is the European Union's environmental regulations aimed at moderating global deforestation, which will provide long-term benefits to climate change and sustainable agriculture," said the World Bank in the April 2023 *Commodity Markets Outlook*.

"However, these EU regulations also create uncertainty for many food commodities grown in forested areas—such as cocoa, coffee, palm oil, and soybeans," it continued.

Despite this, the World Bank predicts that palm oil consumption for biodiesel production will increase in several countries.

"Demand for palm oil for biodiesel will increase in the two largest palm oil producing countries, Indonesia and Malaysia," said the World Bank in the October 2023 *Commodity Markets Outlook*.

"Indonesia is increasing its biodiesel mandate from 30 percent to 35 percent this year, while the biodiesel mandate in Malaysia is 20 percent," it continued.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

Oil Palm Plantation Area in Indonesian Provinces in 2024

List of Persija Jakarta's Championship Titles Over 97 Years Since Its Founding

Jakarta Becomes the World's Most Densely Populated City by 2025

The number of Transjakarta, MRT, and LRT users in Jakarta increased in September 2025.

Indonesia's Out-of-School Children to Decrease by 2025, But 16-18 Age Group Remains High

Energy Production Projections in Southeast Asia until 2029, Indonesia Ranks Highest

Latest Data Stories

Weather Forecast for Nunukan, May 4-13/25 Demographics 06/12/2025, 8:40 WIB

Indonesian Provinces with the Highest Non-Food Urban Poverty Line in Indonesia (2023) Demographics 06/12/2025, 8:19 WIB

Average Length of Schooling for Cirebon City Residents Up to Grade IX in 2025 Consumer Services & Health 06/12/2025, 8:10 WIB

Copper Prices Rise to US$4.68 per Pound (Thursday, May 22, 2025) Market 06/12/2025, 7:58 WIB

Number of Motor Vehicles in Samarinda City (December 3, 2025) Transportation & Logistics 06/12/2025, 7:50 WIB

10 Regions with the Least Air Pollution in Indonesia, Tabalong Regency Ranks 1st on Saturday Morning Consumer Services & Health 06/12/2025, 7:07 WIB

Download

Source

World Bank Predicts Palm Oil Price Decline Until 2025

World Bank Predicts Palm Oil Price Decline Until 2025

Tags

Related Data

Oil Palm Plantation Area in Indonesian Provinces in 2024

List of Persija Jakarta's Championship Titles Over 97 Years Since Its Founding

Jakarta Becomes the World's Most Densely Populated City by 2025

The number of Transjakarta, MRT, and LRT users in Jakarta increased in September 2025.

Indonesia's Out-of-School Children to Decrease by 2025, But 16-18 Age Group Remains High

Energy Production Projections in Southeast Asia until 2029, Indonesia Ranks Highest

Latest Data Stories

Popular Data

World Bank Predicts Palm Oil Price Decline Until 2025

World Bank Predicts Palm Oil Price Decline Until 2025

Tags

Related Data

Oil Palm Plantation Area in Indonesian Provinces in 2024

List of Persija Jakarta's Championship Titles Over 97 Years Since Its Founding

Jakarta Becomes the World's Most Densely Populated City by 2025

The number of Transjakarta, MRT, and LRT users in Jakarta increased in September 2025.

Indonesia's Out-of-School Children to Decrease by 2025, But 16-18 Age Group Remains High

Energy Production Projections in Southeast Asia until 2029, Indonesia Ranks Highest

Latest Data Stories

Trending Topics

Popular Data