Current Palm Oil Price in Nigeria Today (2019)

Palm oil is a nutrition-filled oil gotten from the nuts of oil palms. It is the oil that every true Nigerian mother loves to cook with.

Palm oil is used for various industrial purposes including local soap making, waxes as well as most cosmetics that we apply on our body.

Most Nigerian mothers, especially in the coastal southern part of Nigeria, even substitute palm oil with groundnut oil when preparing stew. This is a very common practice in some part of the country.

 

Health Benefits of Palm Oil

In terms of health, palm oil is very notable for its ability to prevent vitamin A deficiency. There are other health benefits of palm oil as noted by health organizations, one of which includes high blood pressure treatment.

Palm oil has a lot of good health benefits equally has its downside. This is because it is very high in saturated fat, which is not too healthy for the body.

It is, therefore, advisable to reduce your intake of palm oil.

Read one if you’ve been pondering over the current prices of palm oil in Nigeria.

 

Palm Oil Companies in Nigeria

There are several palm oil companies in Nigeria but here are few of them.

  • Presco Nigeria PLC
  • Okomu Oil Palm Company PLC
  • PZ Wilmar Limited

 

Palm Oil Prices in Nigeria

Since palm oil is mostly measured in litres in Nigeria, the prices listed here are the prices per various number of litres as obtainable on the market.

The price of this food commodity is often determined by its processing method. Very poorly processed palm oil is usually less expensive. But, of course, I don’t advocate you obtain the poorly processed one as it may pose some health risk.

Below is the list of the price of palm oil in Nigeria today.

 

2.5 Litres of Palm Oil – ₦2,000 to ₦2,500

5 Litres of Palm Oil – ₦4,200

Rodi Palm Oil (4 Litres) – ₦4,800 – ₦5,300

4 Litres of Undiluted Palm Oil – ₦3,500 to ₦4,000

5 Litres of Palm Oil – ₦4,300 to ₦4800

25 Litres Keg of Palm Oil – ₦15,000

Palm Kernel Oil (1.3 Litres) – ₦1,500

Okomu Red Palm Oil (1 Litres) – ₦900 to ₦1,100

Okomu Red Palm Oil (2 Litres) – ₦1,400 to ₦2,700

Okomu Red Palm Oil (4 Litres) – ₦2,850 to ₦3,000

Banga Okomu Red Palm Oil – ₦16,000

Banga Palm Oil (1.5 Litres) – ₦3,500

Highly Refined Cooking Palm Oil (25 Litres) – ₦10,500 to ₦15,000

Highly Refined Cooking Palm Oil (20 Litres) – ₦8,700 to ₦12,000

30 Litres of Cooking Palm Oil – ₦15,000 to ₦20,000

 

Related

 

Where to Buy High-Quality Palm Oil in Nigeria

In Nigeria, palm oil would mostly be found in the markets. Roadside stores, as well as any major supermarket around you, also have them in stock. You can also order your palm oil from any of the available online stores that you trust. Since there is a high tendency of getting a low-quality palm oil on the market, you’d probably need a guide on how to get a good one for yourself or others.

 

Palm Oil Buying Guide in Nigeria

Determine the Quantity You Need

Being certain of the litres you need is the first step. In case you have difficulties ascertaining the quantity you need, then consider the following;

  • The occasion that requires it
  • If it is for family use, the number of family members should help you decide
  • The litres your money can afford
  • How long you intend to use it

 

Quality

This is where the real difficulty lies. Any choice you make here will either cause you to regret or be satisfied. Poor palm oil will give a very bad taste to your meal. You do not want to frown or see your family members frown while eating. It will become more embarrassing if a visitor is present as well. So, how do you avoid this? Simple!

  • Be sure that the palm oil you are about to purchase is not sticky in its container
  • If the palm oil has a bad smell, it is definitely not what you would love
  • Try to shake the palm oil in its container while observing its reaction closely

 

Questioning the Trader

It is good to buy like a pro but better to question and learn more from the marketer. This is necessary because a sincere dealer will not hold back the necessary information you need to know about what you are buying. This is coming in because you may be lucky to encounter a sincere trader who makes your buying even more fun.

 

Price

Following the above guide, you are probably satisfied with the palm oil you are about to purchase. At this point, the seller will only give you the prices according to the type of palm oil, the litres you opt for as well as the brand (where the palm oil is branded). Always recall that it is your right as a buyer to bargain with the seller.

After the trader is done packaging your palm oil, you could always ask him/her for reassurance. If you eventually find out that the palm oil is bad, you might be fortunate that the trader accepts to replace it for you.

NOTE: Most branded palm oil come with dates attached to it indicating when it will expire. Be sure to watch out for this and also check that it has been authenticated by NAFDAC.

 

How to Preserve Palm Oil

After buying your palm oil, are you worried about how well to store it? Do not worry anymore. Simply make sure that your fresh palm oil is stored at room temperature. This will cause it to remain very fresh and not go bad easily. If you intend using it for a long time, then storing it in your refrigerator at a low temperature will not be a bad idea at all.

 

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4 thoughts on “Current Palm Oil Price in Nigeria Today (2019)

  • July 31, 2019 at 9:57 am
    Permalink

    Dear Lewis, I would be very interested in time series data that you have for crude palm oil and palm kernel oil prices. Do you survey monthly and across different provinces. Prices vary according to seasonal supply and demand and by location I would also be interested in your commentary on quality for the categories that you list above on your website. Anthony

    Reply
  • September 10, 2019 at 10:22 am
    Permalink

    Thank you for your insight.I have palm oil from Akwa Ibom to sell at the moment.I prefer to sell in Kaduna.
    Currently I have 150PCs of 25L to sell.I need an agent that can connect me to the buyer.Can you please assist me ?

    Thank you….Yemi

    Reply
    • September 11, 2019 at 5:40 am
      Permalink

      Hey Yemi,

      Feel free to leave your contact details here. A buyer may just find it and contact you.

      Reply
  • October 23, 2019 at 7:31 am
    Permalink

    I need a buyer for my Palm oil.
    I have many 25Ltrs rubber for sale.
    please reach me on 08021165335.

    Reply

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