Groundnut Oil is a vegetable oil that is commonly used as a cooking oil. It is derived from peanuts, which have a mild, neutral flavor, whereas, on roasting, it gives comparatively a stronger flavor. Peanut oil comprises of nutrients such as fats, proteins, carbohydrates, ash, crude fibers, and moisture. Its primary component are fatty acids such as oleic acid, palmitic acid, and linoleic acid.

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The boiling point for peanut oil measures around 227° C. It is industrially produced by pressing the peanut seeds mechanically. The resultant is then processed through the solvent extraction process to obtain the final product, i.e., Groundnut Oil. It has a wide range of applications in the cooking and fuel industry.

The Netherlands, Germany, and France are the key importer countries for Groundnut Oil. On the other hand, the key exporting countries for the same are Germany, the Netherlands, and France.

Key Details About the Groundnut Oil Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the groundnut oil price trend in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Groundnut Oil Price chart, including India Groundnut Oil price, USA Groundnut Oil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Groundnut Oil Price Trend:

The price trend of groundnut oil can be influenced by various industrial uses. Groundnut oil, also known as peanut oil, is a versatile cooking oil with several industrial applications. Here are some ways in which industrial uses can impact the price trend of groundnut oil:

1. Food Industry Demand: The food industry is one of the major consumers of groundnut oil. It is used in various food products such as snacks, baked goods, and confectionery items. Any increase or decrease in demand from this sector can directly affect the price trend of groundnut oil.

2. Biofuel Production: Groundnut oil is also used in the production of biodiesel. The demand for biodiesel as an alternative to conventional fuels can influence the price of groundnut oil. If there is a significant shift towards biofuel production or if government policies encourage the use of biodiesel, it can lead to an increase in demand for groundnut oil and consequently affect its price.

3. Cosmetics and Personal Care Products: Groundnut oil is utilized in the cosmetics and personal care industry for the production of soaps, lotions, and hair care products. Changes in consumer preferences towards natural or organic ingredients can impact the demand for groundnut oil in this sector, thereby affecting its price trend.

4. Pharmaceutical Applications: Groundnut oil is also used in pharmaceutical formulations due to its nutritional properties and potential health benefits. Any developments in the pharmaceutical industry, such as the introduction of new products or formulations containing groundnut oil, can influence its demand and consequently its price.

5. Industrial Lubricants: Groundnut oil is sometimes used as a base oil for industrial lubricants. Changes in the manufacturing sector or advancements in lubricant technology can affect the demand for groundnut oil in this application, thereby impacting its price trend.

6. Supply Chain Disruptions: Industrial uses of groundnut oil can also be impacted by supply chain disruptions, such as adverse weather conditions affecting groundnut crops, transportation issues, or geopolitical factors affecting trade routes. These disruptions can lead to fluctuations in supply and demand, subsequently affecting the price trend of groundnut oil.

Overall, industrial uses play a significant role in shaping the price trend of groundnut oil, alongside factors such as agricultural production, market demand, and global economic conditions. Understanding these dynamics is essential for stakeholders in the groundnut oil industry to make informed decisions regarding production, marketing, and pricing strategies.

Key Players:

• Olam International
• CHS Inc.
• Cargill, Inc.
• Wilmar International Limited
• Archer Daniels Midland Company
• Ventura Foods

News & Recent Development

However, I can provide some general information on groundnut oil and trends up to that point.

Groundnut oil, also known as peanut oil, is a popular vegetable oil used for cooking and frying in many parts of the world. It's valued for its high smoke point, which makes it suitable for high-temperature cooking methods.

1. Health Consciousness: Groundnut oil gained popularity due to its perceived health benefits. It is low in saturated fats and high in unsaturated fats, particularly monounsaturated fats, which are considered heart-healthy.

2. Global Demand: Groundnut oil has a significant presence in Asian cuisines, especially in countries like India and China. The demand for groundnut oil in these regions was influenced by population growth, changing dietary habits, and urbanization.

3. Price Fluctuations: Like other vegetable oils, groundnut oil prices can fluctuate due to factors such as weather conditions affecting peanut crops, changes in demand, and geopolitical events affecting oil markets.

4. Sustainability Concerns: Sustainability and environmental considerations have increasingly influenced consumer preferences. This trend has prompted some producers to adopt more sustainable farming practices, such as reducing chemical inputs and promoting biodiversity.

5. Market Competition: Groundnut oil faces competition from other vegetable oils such as soybean oil, sunflower oil, and palm oil. Market dynamics, including price competitiveness and availability, play a significant role in consumer choices.

For the latest developments in the groundnut oil industry, including news, market trends, and innovations, I recommend checking reliable news sources, industry reports, and market analysis platforms.

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