Oil (palm) in Gitega
Gitega, Burundi · BIF per KG · retail
Normal August 2026: 18% below the usual level for that time of year.
Prices up to August 2026 (WFP publishes with a delay). Forecast made October 2026. How often past forecasts were right.
November 2026: 80 % range
6,974–10,951BIF per KG. 8 in 10 chance the price falls in this range.
January 2027: 80 % range
6,929–12,623BIF per KG. Wider: 3 months ahead.
Chance of a spike, November 2026
9%Warnings of new spikes have no proven skill yet.
In August 2026 the price was 18% below the usual level for that time of year (normal). It fell 14% over the 3 months before. For cooking oil, across 137 markets in Burundi, the median price fell 3% over those 3 months. November 2026: most likely between 6,974 and 10,951 BIF/KG (8 in 10 chance). January 2027: most likely between 6,929 and 12,623 BIF/KG (8 in 10 chance). Chance of a spike in November 2026 (price well above the usual level for the season): 9%. Warnings of new spikes have no proven skill yet (track record 2023-2026).
Prices and forecast
- Observed price
- Most likely (forecast)
- 80 % range
- 95 % range
- Usual level for the season
BIF per KG. Last 2 years and the forecast; the full history is in the table below. The shaded area covers the estimates of the last two months and the forecasts; the fan starts at the last observed price. The 95 % range goes above the top of the chart (up to 23,562); see the table.
| Month | 80 % range | Most likely | 95 % range | Usual level for the season | Chance of a spike |
|---|---|---|---|---|---|
| Sept 2026 Estimate (last month) | 7,361–9,802 | 8,408 | 6,940–11,003 | 9,904 | – |
| Oct 2026 Estimate (this month) | 6,837–10,135 | 8,023 | 6,406–12,749 | 8,811 | – |
| Nov 2026 Next month | 6,974–10,951 | 8,236 | 6,308–16,848 | 9,319 | 9% |
| Dec 2026 In 2 months | 7,072–11,693 | 8,399 | 6,127–19,365 | 9,547 | – |
| Jan 2027 In 3 months | 6,929–12,623 | 8,483 | 5,879–23,562 | 9,840 | – |
Price history (85 months, latest first)
| Month | Price | Note |
|---|---|---|
| Aug 2026 | 8,500 | |
| Jun 2026 | 9,333 | |
| May 2026 | 9,833 | |
| Apr 2026 | 8,500 | |
| Mar 2026 | 9,781 | |
| Feb 2026 | 9,175 | |
| Dec 2025 | 8,250 | |
| Nov 2025 | 10,333 | |
| Oct 2025 | 8,611 | |
| Sept 2025 | 10,312 | |
| Jul 2025 | 10,630 | |
| Jun 2025 | 10,194 | |
| May 2025 | 9,810 | |
| Apr 2025 | 10,700 | |
| Mar 2025 | 9,043 | |
| Feb 2025 | 7,336 | |
| Jan 2025 | 7,081 | |
| Dec 2024 | 6,072 | |
| Nov 2024 | 5,656 | |
| Oct 2024 | 5,624 | |
| Sept 2024 | 5,175 | |
| Aug 2024 | 5,628 | |
| Jul 2024 | 6,517 | |
| Jun 2024 | 5,850 | |
| May 2024 | 5,685 | |
| Apr 2024 | 5,833 | |
| Mar 2024 | 5,143 | |
| Feb 2024 | 5,474 | |
| Jan 2024 | 6,125 | |
| Nov 2023 | 5,211 | |
| Oct 2023 | 5,609 | |
| Sept 2023 | 6,346 | |
| Aug 2023 | 6,433 | |
| Jul 2023 | 5,617 | |
| Jun 2023 | 5,659 | |
| May 2023 | 5,212 | |
| Apr 2023 | 4,620 | |
| Mar 2023 | 4,501 | |
| Feb 2023 | 4,372 | |
| Dec 2022 | 4,445 | |
| Nov 2022 | 4,041 | |
| Oct 2022 | 3,861 | |
| Sept 2022 | 4,281 | |
| Aug 2022 | 4,929 | |
| Jun 2022 | 4,900 | |
| May 2022 | 4,545 | |
| Apr 2022 | 3,767 | |
| Mar 2022 | 3,400 | |
| Feb 2022 | 3,823 | |
| Jan 2022 | 3,500 | |
| Oct 2021 | 2,750 | |
| May 2021 | 2,550 | |
| Apr 2021 | 2,678 | |
| Mar 2021 | 3,255 | |
| Feb 2021 | 2,433 | |
| Jan 2021 | 2,303 | |
| Dec 2020 | 2,242 | |
| Nov 2020 | 2,000 | |
| Oct 2020 | 2,064 | |
| Sept 2020 | 2,154 | |
| Aug 2020 | 2,256 | |
| Jul 2020 | 2,226 | |
| Jun 2020 | 2,428 | |
| Mar 2020 | 2,512 | |
| Feb 2020 | 2,200 | |
| Jan 2020 | 2,133 | |
| Dec 2019 | 2,317 | |
| Nov 2019 | 2,183 | |
| Oct 2019 | 1,940 | |
| Sept 2019 | 1,967 | |
| Aug 2019 | 2,500 | |
| Jul 2019 | 2,580 | |
| Jun 2019 | 2,500 | |
| May 2019 | 2,433 | |
| Mar 2019 | 2,250 | |
| Feb 2019 | 2,267 | |
| Jan 2019 | 2,000 | |
| Dec 2018 | 2,000 | |
| Nov 2018 | 1,867 | |
| Oct 2018 | 1,838 | |
| Sept 2018 | 2,500 | |
| Aug 2018 | 3,167 | |
| Jul 2018 | 3,133 | |
| Jun 2018 | 3,000 | |
| May 2018 | 2,633 |
Track record in Burundi
How past forecasts for Burundi did in a test on earlier data (backtest). Full track record.
| Horizon | 80 % range held ideal 80 % | 95 % range held ideal 95 % | Typical error | Warnings of new spikes | Cases |
|---|---|---|---|---|---|
| Estimate (last month) | 79% | 94% | 6% | better than the base rate | 16,758 |
| Estimate (this month) | 78% | 94% | 9% | better than the base rate | 16,545 |
| Next month | 76% | 93% | 11% | better than the base rate | 16,316 |
| In 2 months | 74% | 93% | 14% | no better than the base rate | 16,060 |
| In 3 months | 73% | 92% | 17% | worse than the base rate | 15,769 |
Last observed: August 2026. Series id: burundi-202-62-retail-kg.