Price for Crude Palm Oil in South Korea

Get price analysis and market insights for South Korea Crude Palm Oil with Tridge.

Export prices of Crude Palm Oil in South Korea

Historical export price trends

The export price of Crude Palm Oil from South Korea has been on a downward trend in recent years, driven by changing market conditions. In 2023, export prices were between $1.99 USD per kg and $2.29 USD per kg. By 2024, these prices had fallen to a new range of $1.72 to $1.98 USD per kg, reflecting shifts in demand or supply for South Korea Crude Palm Oil.

Year Year	Low price, USD/kg Low price, USD/kg	Low price, USD/lb Low price, USD/lb	High price, USD/kg High price, USD/kg	High price, USD/lb High price, USD/lb
2024	$1.72/kg	$0.78/lb	$1.98/kg	$0.90/lb
2023	$1.99/kg	$0.90/lb	$2.29/kg	$1.04/lb

Recent export records

On 2024-09-25, Crude Palm Oil reported as "NLTP: Vegetable oil mainly from palm oil - MJ Shortening (packaging: 14.5kg/1box, Manufacturer: Samyang corporation). Melting temperature: 38-41oC. PD: 04+06.09.2024 - ED: 03+05.09.2025. 100% new product" was exported by a company in South Korea to a company in Vietnam.

See the table below for more recent transactions.

Date Date	Unit price Unit price	Reported product name Reported product name	Exporter Exporter	Origin Origin	Importer Importer	Destination Destination
2024-09-25	$000/kg	NLTP: Vegetable oil mainly from palm oil - MJ Shortening (packaging: 14.5kg/1box, Manufacturer: Samyang corporation). Melting temperature: 38-41oC. PD: 04+06.09.2024 - ED: 03+05.09.2025. 100% new product	Company name	South Korea	Company name	Vietnam
2024-09-23	$000/kg	1100012 - Vegetable oil mainly from palm oil - MJ Shortening (production date: September 1, 2024, expiration date: September 2, 2025, raw material used to produce confectionery)	Company name	South Korea	Company name	Vietnam
2024-09-19	$000/kg	NLTP: Vegetable oil mainly from palm oil - MJ Shortening (packaging: 14.5kg/1box, Manufacturer: Samyang corporation). Melting temperature: 38-41oC. PD: 28.08+01.09.2024 - ED: 27+31.08.2025. 100% new product	Company name	South Korea	Company name	Vietnam

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Import prices of Crude Palm Oil in South Korea

Historical import price trends

The import price of Crude Palm Oil to South Korea has fluctuated over the past two years, reflecting shifting market trends. In 2023, import prices ranged from $1.02 USD per kg to $1.99 USD per kg. By 2024, price volatility persisted, with prices continuing to vary between $1 USD and $5.50 USD per kg, indicating ongoing market instability for Crude Palm Oil imports to South Korea.

Year Year	Low price, USD/kg Low price, USD/kg	Low price, USD/lb Low price, USD/lb	High price, USD/kg High price, USD/kg	High price, USD/lb High price, USD/lb
2024	$1/kg	$0.45/lb	$5.50/kg	$2.49/lb
2023	$1.02/kg	$0.46/lb	$1.99/kg	$0.90/lb
2022	$2.26/kg	$1.03/lb	$2.87/kg	$1.30/lb

Recent import records

On 2025-03-31, Crude Palm Oil reported as “[쇼트닝] 팜쇼트닝__SHORTENING” was imported by a company in South Korea from a company in Indonesia.

See the table below for more recent transactions.

Date Date	Unit price Unit price	Reported product name Reported product name	Exporter Exporter	Origin Origin	Importer Importer	Destination Destination
2025-03-31	$000/kg	[쇼트닝] 팜쇼트닝__SHORTENING	Company name	Indonesia	Company name	South Korea
2025-03-13	$000/kg	[쇼트닝] 팜쇼트닝__SHORTENING 36-39	Company name	Malaysia	Company name	South Korea
2025-02-27	$000/kg	[쇼트닝] 팜쇼트닝__SHORTENING 36-39	Company name	Malaysia	Company name	South Korea

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FAQ for Crude Palm Oil price in South Korea

Where does Tridge source its price data?

Tridge gathers price data from over 400 trusted global sources, including government public sources, producers, traders, and local industry experts. We ensure data accuracy through both human oversight and cutting-edge AI technology, which helps manage missing values, detect outliers, and standardize currency and units.

How are the low and high prices for South Korea Crude Palm Oil calculated?

The low and high prices are calculated from South Korea data for Crude Palm Oil during the selected period, showing the typical price range after excluding outliers. Please note that trends may differ when analyzed in more detail, such as by product variety, company, or specific timeframes.

How much transaction data is there for Crude Palm Oil in South Korea in Tridge?

We have 194 transaction records for Crude Palm Oil in South Korea. Visit our About Transaction Data page to explore its features.