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.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/peanut-oil-pricing-report/requestsample

Peanut Oil Price Trend- Last Quarter

The peanut oil market is driven by its versatile culinary uses and growing consumer awareness of its health benefits. Peanut oil is rich in monounsaturated and polyunsaturated fats, which can help lower bad cholesterol levels and reduce the risk of heart disease, making it a popular choice for health-conscious consumers. The rising demand for healthier cooking oils and the trend toward natural and minimally processed products further bolster its appeal. In addition to its nutritional value, peanut oil's high smoke point makes it ideal for frying and high-heat cooking, which is increasingly favored in both commercial food services and home cooking. The expanding global food industry, particularly in Asia-Pacific, where peanut oil is a staple, drives its demand. Moreover, the growing interest in ethnic and diverse cuisines worldwide contributes to the market's growth as consumers explore new flavors and cooking techniques.

Peanut Oil Industry Analysis

The price of peanut oil in North America during the second quarter of 2024 followed the market patterns of exporting countries, especially those in South America. The USA, a large importer of peanut oil, took deliberate measures that caused the market to trend downward in April. Due to an oversupply and inquiries from end-user oil processing mills, downstream processing companies modified their buying tactics and maintained a southerly market.

The peanut oil market in the Asia Pacific region, particularly in India, during Q2 2024 experienced mixed pricing trends. In April, prices saw a steady drop due to stable demand, higher arrivals of groundnut crops from recent harvests, and reduced trade momentum. The harvest season brought an oversupply of peanuts, leading to a decrease in peanut oil prices. Fresh crops entering the market required the selling of existing stocks at lower prices to make room for new inventory, incentivizing bulk purchases by retailers and wholesalers. Despite these conditions, market trade momentum remained weak throughout the month.

In the second quarter of 2024, the European peanut oil market followed pricing patterns closely to those in North America, especially the US, with a largely bearish trajectory and moderate swings in the middle of the quarter. Rising inflation had an impact on both the initial decrease in consumer confidence and the reduction in purchasing behaviors. Contracts were under pressure from weak export demand, poor demand from European countries, and a closing price differential between peanut and soybean oil, which led to a decline in imports from important producing countries. The depreciation of the currency, particularly the depreciation of the Euro to other currencies such as the US dollar, exacerbated the import costs for European nations.

The prices of peanut oil exported from South America, especially Brazil, showed a declining tendency throughout the second quarter of 2024, with a slight increase in the middle of the quarter. Brazil's peanut oil export prices fell precipitously in April 2024 because of fewer inquiries from other markets, particularly those in the Asia-Pacific area, which includes China. The increased availability of the upstream peanuts was helped by the calm trading environment in the market, which was brought on by Stuckists' larger stocks and the recent harvesting of the first peanut crop. Nonetheless, the overall market transaction remained skewed to the south due to a consistent decline in the demand side.

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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