Peanut Oil Prices

Peanut Oil Prices December 2023

The peanut oil prices in the India for Q4 2023 reached 1922 USD/MT in December. Initially, prices dropped due to increased supply and cheaper alternatives. However, rising inflation and input costs pushed prices up upward during the quarter's end. Additionally, growing international demand strained local supplies, impacting domestic pricing trends.

The price trend for peanut oil in Brazil for Q4 2023, reached 1840 USD/MT in December. The market saw a continuous price decline, influenced by an oversupply and decreasing demand. Additionally, the availability of cheaper oils like palm and soybean led to reduced demand for peanut oil, thereby contributing to the downward pricing trend.

Peanut Oil Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Peanut Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of peanut oil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of peanut oil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of peanut oil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing peanut oil price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Peanut Oil Market Analysis

The global peanut oil market size reached US$ 10.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 14.6 Billion, at a projected CAGR of 3.70% during 2023-2032.

• Peanut oil is becoming popular among health-conscious consumers with the growing need of healthier oil due to its high concentration of monounsaturated and polyunsaturated fats that help decrease cholesterol and enhance heart health. According to the NATIONAL INSTITUTE OF HEALTH (NIH), peanut oil is a rich source of dietary essential fatty acids including oleic acids (36% to 67%) and linoleic acids (15% to 46%), and O/L ratios are in the range of 1.19–4.46 (Akram et al., 2018). The previous studies have shown that O/L is associated with a lower risk of cardiovascular disease, and linoleic acid has a positive influence on coronary heart disease. This change is a part of a larger trend where people are choosing healthier cooking oils over conventional ones that are heavy in saturated fats. Furthermore, peanut oil's antioxidant content, which includes vitamin E, makes it more appealing as it supports cellular defense and skin health. Growing public awareness about the advantages of eating a better diet has led to a rising demand for peanut oil owing to its health benefits and capacity to improve food flavor without sacrificing nutritional content.
• Additionally, the growth in culinary applications like deep-frying and sautéing are two of the most popular uses for peanut oil due to its neutral flavor and high smoke point. As per the Peanut Institute, due to its many benefits, advantages, and nutritional value, peanut oil is recommended to cook and fry. The 2020 US Dietary Guidelines recommend that fat intake should emphasize monounsaturated and polyunsaturated fats, such as those found in seafood, nuts, seeds, and oils. As a result, both professional cooks and home kitchens are using peanut oil more frequently. It is essential to obtaining the genuine flavor and texture of traditional meals in culinary hotspots, particularly in Asian and Southern American cuisines. The demand for peanut oil is being further driven by the trend toward international cuisine and creative cookery, as consumers try to recreate these recipes at home.
• There is a growing trend toward sustainable and organic food products, which includes cooking oils. Organic peanut oil, produced without the use of synthetic pesticides and fertilizers, is becoming more popular as part of this trend. According to the National Institute of Food Technology Entrepreneurship and Management (NIFTEM), the oil from the organic groundnut (peanut) seeds is proven to be an excellent source of vitamin E, various fatty acids, good quality proteins (approx. 28%) and carbohydrates. Peanut oil extraction method is also known as leaching method, that employs organic solvent to dissolve fats, spray and immerse the oil-bearing materials in order to eventually separate the fat from material. Additionally, manufacturers are increasingly focusing on sustainable practices in the cultivation and production of peanut oil to meet consumer demand for environment-friendly products. This includes using less water and energy during production and adopting practices that reduce carbon footprints. As consumers become more environmentally conscious, the demand for oils that are both healthy and produced sustainably is likely to increase, providing significant growth opportunities for producers of organic and sustainably produced peanut oil.

Peanut Oil News

The report covers the latest developments, updates, and trends impacting the global peanut oil market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in peanut oil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the peanut oil price trend.

Latest developments in the peanut oil industry:

• November 2021: Cargill has acquired an edible oil refinery located in Nellore in Andhra Pradesh. Cargill’s US$35 million investment to acquire and upgrade the facility will significantly expand its edible oil production capacity and footprint in Southern India and strengthen its existing supply chain to meet growing customer demand.
• October 2021: Shandong Luhua Group and Chemsta signed a contract by which Chemsta will undertake for Luhua Group another 1,000 TPD Peanut Oil Project.

Product Description

Peanut oil, sometimes referred to as ground nut oil, is a widely used cooking oil made from peanut plant seeds. It is well known for its high smoke point of roughly 450°F (232°C) and mild, nutty flavor, making it a great option for high-heat culinary techniques like sautéing and frying. Due to its high monounsaturated fat content, which helps support the maintenance of good cholesterol levels, peanut oil is also highly valued for its health benefits. Antioxidant vitamin E, which supports healthy skin and cellular defense, is included in it. Due to its adaptability and flavor-enhancing properties, this oil is frequently used in both home and commercial kitchens. It is also naturally trans-fat-free and non-GMO.

Peanut oil is widely used in cooking and food preparation. Due to its high smoke point, which enables it to cook food at high temperatures without smoking or burning, it is perfect for deep-frying and sautéing. Peanut oil is also widely used in marinades and salad dressings because of its mild flavor that complements other flavors without being overbearing. It is also a top option for infusing oils with herbs and spices because of its stability and resistance to rancidity.

Regional Coverage

The report provides a detailed analysis of the peanut oil market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the peanut oil price trend.

Global Peanut Oil Price

The report offers a holistic view of the global peanut oil pricing trends in the form of peanut oil price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into peanut oil historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into peanut oil price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed peanut oil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Peanut Oil Price

The market showed a downward pricing trend due to reduced consumption during Q4 of 2023. Despite lowered demand, adequate inventories helped maintain market stability, leading to a steady yet subdued trade momentum. Furthermore, the lower prices in Europe were significantly influenced by the reduced pricing in key exporting regions, especially South America and the USA. This overall market trajectory remained on the downside as Europe continued to reflect the global market dynamics of reduced demand coupled with adequate supply levels.

This analysis can be extended to include detailed peanut oil price information for a comprehensive list of countries.

North America Peanut Oil Price

The market observed downward pricing trend owing to a combination of factors. Initially, decreased downstream consumption from the global market set off this decline, which was further increased by the excess inventory levels among suppliers. These conditions, coupled with economic uncertainties and inflation fears, shaped a cautious market environment. The persistent price drop was also linked to market dynamics, including the influence of falling prices in South American market. This interconnectedness led to a complex pricing landscape throughout the quarter.

Specific peanut oil historical data within the United States and Canada can also be provided.

Middle East and Africa Peanut Oil Price

The report explores the peanut oil pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on peanut oil prices for countries can also be provided.

Asia Pacific Peanut Oil Price

The market experienced noticeable shifts in peanut oil pricing in Q4 of 2023. Initially, the market observed a declined demand because of increased availability of cheaper alternative oils and economic challenges affecting consumer spending. In addition, new crop supplies enhance market availability, pushing prices lower. Furthermore, the influx of lower cost imported oils, particularly palm oil, heightened competition, thereby lowering domestic prices. This downward trend was reversed during the quarter end as broader inflationary pressures led to higher peanut oil prices.

This peanut oil price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Peanut Oil Price

The market was characterized by an oversupply and a decline in both local and international demand. This scenario led to a continuous drop in prices, further compounded by the strengthening Brazilian Real, which made exports more costly. Difficult economic conditions, weakened factory activity, and lowered exports contributed to this downward market trend. The presence of abundant alternative oils such as palm and soybean diverted demand away from peanut oil. This led to additional pressure on prices and slowing trade activity by the quarter end.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of peanut oil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting peanut oil price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The peanut oil price charts ensure our clients remain at the forefront of the industry.