Peanut Oil Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Peanut Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Peanut Oil Price Trend in First Half of 2023

The prices of peanut/groundnut oil recorded a bullish trend in the first half of 2023. The feedstock groundnut is in short supply, and most of the production is diverted for direct consumption by the consumers. Only 25-30 percent of the production is available for crushing mills and thereby converted into edible oils. In the concerned period, the prices of other edible oils, such as palm and soybean, kept falling, and the market kept dull. However, the prices of peanut oil kept strong.

This season saw a fall of around 2 lakh metric tonnes in groundnut production. During the first half, despite constant demand, the prices have increased manifold as big companies are actively buying the available product at high prices, thereby causing the peanut oil prices to shoot up in the end markets. Despite the stagnant demand, the price trends are actively rising, given the current fall in acreage and product supply.

Analyst Insight

According to Procurement Resource, the price trends for peanut/groundnut oil are expected to remain unsettled in the coming quarter. The sudden spurt in groundnut prices has attracted the attention of both consumers and traders. The mill owners fear that such prices will unnecessarily invite the government’s attention which will impose restrictions to control the prices, thereby causing the farmers to move to other edible oil seeds.

Peanut Oil Price Trend for the Second Half of 2022

The price trends for peanut/groundnut oil kept firm throughout the second half of 2023. Despite the falling prices of other edible oils, the market for peanut oil kept strong, given the change in consumer consumption levels. However, the erratic supply of feedstocks heavily impacted peanut oil prices. The Indian peanut industry is undergoing a crisis owing to loss in acreage, untimely rain, crop reduction, and an increase in farmgate vulnerability.

Many farmers have shifted from growing groundnuts to cotton to minimize harvest losses. Given the drastic decrease in acreage in Gujarat, India, the high groundnut prices are unlikely to go down in the 2022-2023 kharif season. Production is estimated to dip below 3 million tonnes in the current season. Further, the huge spurt in global demands exerted pressure on the already constricted supply chains.

The mills are not able to procure groundnuts at affordable rates for crushing, causing the prices of its derived products to rise amid growing demands. The current market dynamics severely impacted the prices of peanut/groundnut oil, averaging around Rs 3000 per 15 kg tin in the Indian market.

Analyst Insight

According to Procurement Resource, the price trends for peanut oil are expected to remain volatile in the coming months. Given the current vulnerabilities in market supply amid rising demand, groundnut oil is likely to incline.

Procurement Resource provides latest prices of Peanut Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Please Login or Subscribe to explore our dashboard.


Groundnut or peanut oil is a healthy sweet-flavoured oil derived from peanuts. It is available in various forms, including refined, cold-pressed, gourmet and blended. It has various nutrients like Vitamin E, Vitamin K, Iron, Zinc, Phytosterols and healthy fats (saturated, monounsaturated and polyunsaturated). It is mainly used for culinary applications.

Product Details

Report Features Details
Product Name Peanut Oil
Industrial Uses As a carrier oil in cosmetic products, as pharmaceutic aid (solvent), as a cooking and salad oil, for deep frying, shortening ingredient for doughnuts and cakes, as an emulsifier, and emollient.
Chemical Formula C22H14N6Na2O9S2
CAS Number 8002-03-7
Synonyms PEANUT OIL, ARACHIS OIL, katchung oil, earthnut oil, OIL OF PEANUT, GROUND NUT OIL, indigenous peanut oil, Solvent crude peanut oil
HS Code 15089000
Molecular Weight 616.49 g/mol
Supplier Database Olam International, CHS Inc., Cargill, Inc., Wilmar International Limited, Archer Daniels Midland Company, Ventura Foods
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

Peanut oil is produced by cleaning and purifying the Peanuts, followed by screw pressing to extract the oil. The extracted oil is then refined through processes like neutralization, bleaching, and deodorization.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Table Of Contents

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.


Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.