This study examines the dependence structure of extreme realization of growth rate between palm oil prices and factors affecting, which are soybean oil and crude oil prices. We employ the Bivariate Extreme Value methods for daily palm oil, soybean oil and crude oil prices ranging from July 1988 to January 2012. The results provide that the growth rate of palm oil and soybean oil prices has some dependence in extremes, but the growth rate of palm oil and crude oil prices has fairly weak dependence or even independence in extremes. Therefore, the authors of this study hoped that these findings not only have made a contribution to our understanding of what drives palm oil price movement of soybean oil and change in crude oil prices, but also for the practitioner who want to devise an updated model to enhance a further comprehension of the prices that drive these article of trade.