Global price of Palm Oil
PPOILUSDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
934.50
Year-over-Year Change
11.49%
Date Range
1/1/1990 - 6/1/2025
Summary
The global price of palm oil, as measured by the PPOILUSDM series, is a key indicator of commodity market conditions and inflationary pressures on food and consumer goods prices.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The PPOILUSDM series tracks the monthly average price of crude palm oil in U.S. dollars per metric ton. Palm oil is a widely-used vegetable oil and a major agricultural commodity, making this series a valuable economic indicator.
Methodology
The data is collected and reported by the World Bank.
Historical Context
Policymakers and analysts monitor palm oil prices to assess global trade dynamics and potential impacts on inflation.
Key Facts
- Palm oil is the most widely consumed vegetable oil globally.
- Indonesia and Malaysia account for over 80% of world palm oil production.
- Palm oil is used in a wide range of food, cosmetic, and biofuel products.
FAQs
Q: What does this economic trend measure?
A: The PPOILUSDM series measures the monthly average global price of crude palm oil in U.S. dollars per metric ton.
Q: Why is this trend relevant for users or analysts?
A: Palm oil is a major globally-traded commodity, so its price reflects supply and demand conditions that can impact inflation, trade, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor palm oil prices to assess global trade dynamics and potential impacts on inflation and consumer prices.
Q: Are there update delays or limitations?
A: The palm oil price data is published monthly with a short delay.
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Citation
U.S. Federal Reserve, Global price of Palm Oil (PPOILUSDM), retrieved from FRED.