Peanut Oil Price in India
- India: 1922 USD/MT
The price of peanut oil in India for Q4 2023 reached 1922 USD/MT in December.
The latest report by IMARC Group, titled “Peanut Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of peanut oil prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Peanut Oil Prices Analysis:
- Brazil: 1840 USD/MT
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The study delves into the factors affecting peanut oil price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Peanut Oil Price Trend- Last Quarter
Technological advancements in oil extraction and refining processes enhance the efficiency and quality of peanut oil production, further fueling market growth. Peanut oil is valued for its high smoke point and favorable fatty acid profile, including monounsaturated and polyunsaturated fats. As consumers become more health-conscious, they increasingly prefer oils with lower saturated fat content, which boosts demand for peanut oil. Widely used in cooking and frying due to its light flavor and high stability, peanut oil remains popular in various cuisines, particularly in Asian dishes. The growth of the foodservice industry and the expanding global culinary landscape contribute to its strong market presence. Peanut oil is often more affordable compared to other vegetable oils, making it an attractive option for both commercial and household use. Its cost-effectiveness drives its adoption in price-sensitive markets. The availability of peanuts, which are the primary raw material for peanut oil, impacts market supply. Favorable climatic conditions and advancements in agricultural practices that boost peanut yields support the steady supply of peanut oil.
Peanut Oil Industry Analysis
During the second quarter of 2024, North America’s peanut oil market experienced significant fluctuations in pricing, reflecting broader trends observed in exporting regions, particularly South America. In April, prices faced a downward trajectory, heavily influenced by strategic moves from the USA, a major importer of peanut oil. The market was affected by an oversupply situation, prompting downstream processing companies to alter their procurement strategies. This adjustment was a response to both the surplus and the inquiries from end-user processing mills, which kept market transactions on a downward slope.
In the second quarter of 2024, the peanut oil market in the Asia Pacific region, notably in India, exhibited varied pricing trends. April saw a decline in prices due to several factors: stable demand, an influx of groundnut crops from recent harvests, and diminished trade activity. The surge in fresh peanuts led to an oversupply, driving down peanut oil prices. This situation necessitated the clearance of existing stock at reduced prices to accommodate new inventory, prompting bulk purchases by retailers and wholesalers. Despite these dynamics, market activity remained subdued throughout April.
In the second quarter of 2024, the European peanut oil market followed a similar bearish trend to that of North America, particularly the United States, with some fluctuations mid-quarter. The initial decline in prices was largely due to decreased purchasing activities and diminished consumer confidence, which were compounded by rising inflation. Weak export performance and low demand within European countries, along with a narrowing price gap between peanut oil and soybean oil, put additional pressure on the market, leading to reduced imports from major producers.
During the second quarter of 2024, peanut oil export prices from Latin America, notably Brazil, experienced a generally downward trend with a brief uptick in the middle of the quarter. In April, Brazilian export prices fell steadily, driven by weakened demand from international markets, particularly the Asia-Pacific region and China. The market was characterized by a subdued trading environment, influenced by higher stock levels among exporters and an influx of freshly harvested peanuts, which increased upstream availability. This oversupply led to lower market transactions and declining prices.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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