Daily Closing Price: Malaysia & Indonesia
| Closing Date | Malaysia (RM/TONNE) | Indonesia (IDR/KG) |
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CPOPC is an Intergovernmental Organization which aims to promote, develop and strengthen cooperation in the oil palm sector among the palm oil producing countries.
Learn About CPOPC| Closing Date | Malaysia (RM/TONNE) | Indonesia (IDR/KG) |
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Member Country
Indonesia is the world's largest producer and exporter of palm oil. In 2024, Indonesia produced 45.50 million tonnes and exported around 23.99 million tonnes. Indonesia accounted for 57% of the world production and 50% exports of palm oil.
Member Country
Malaysia is the second largest producer and exporter of palm oil in the world. In 2024, Malaysia produced 19.33 million tonnes and exported 16.90 million tonnes of palm oil. Malaysia accounted for 24% and 35% of the world total production and exports of palm oil, respectively.
Member Country
Honduras ranked at number 12 of the world's top palm oil producers. Oil Palm in Honduras occupies around 235,000 hectares of agricultural land, producing around 500,000 tonnes of palm oil in 2024 with smallholders are dominant.
Member Country
Papua New Guinea produced 690,000 tonnes of palm oil in 2024 and exported around 94% of the production. Palm oil is a leading agricultural commodity in Papua New Guinea, providing employment to more than 200,000 people in the palm oil sector.
Member Country
The Democratic Republic of the Congo (DRC) cultivates more than 175,000 hectares of palm oil plantation. Around 62% of the palm oil cultivation is owned by 54,000 smallholders. DRC produces on average of 300,000 tonnes of palm oil annually.
Observer Country
Colombia is the largest producer of palm oil in Latin America and the fourth largest in the world. In 2023, Colombia produced 1.84 million tonnes of palm oil from the oil palm harvested area of 535,000 hectares.
Observer Country
Palm oil is the most important edible oil in Ghana. Oil World estimated that Ghana produced about 590,000 tonnes of palm oil in 2023 from around 406,000 hectares of the oil palm harvested area.
Observer Country
Nigeria is the fifth largest palm oil producing countries in the world and the largest producer in the African region. In 2023, Nigeria produced 1.46 million tonnes of palm oil from about 620,000 hectares oil palm planted area.
