Palm Oil Against Global Commodities
Source World BankMonthlyLatest August 2026
The world palm oil price in August 2026 was 1,117.00 USD per tonne, against soybean oil at 1,638.00 USD per tonne. Palm oil is cheaper by 521.00 USD per tonne, and that gap is what decides which one food and biodiesel makers buy. Source World Bank, compiled and verified by IPOSS, updated monthly.
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| Period | Palm oil (USD/t) | Soybean oil (USD/t) |
|---|---|---|
| August 2026 | 1,117.00 | 1,638.00 |
| July 2026 | 1,101.00 | 1,658.00 |
| June 2026 | 1,104.00 | 1,740.00 |
| May 2026 | 1,136.00 | 1,781.00 |
| April 2026 | 1,146.00 | 1,643.00 |
Questions about this data
- What is the world palm oil price now?
- The most recent monthly price is USD 1,117 per tonne, for 1 August 2026.
- How does palm oil compare with other vegetable oils?
- Palm oil normally trades at a discount to soybean, sunflower, and rapeseed oil, because its yield per hectare is several times higher. The size of that discount is what moves buyers between the oils, and this page tracks it month by month.
- Where does this data come from?
- The figures come from World Bank, checked by IPOSS before publication.
- Can I download the full history?
- A recent window is open to anyone without an account. The full series is available after registration as an Excel file that names its original source, so it can be cited in research and reporting.