Groundnut Oil or peanut oil is an organic oil made from peanuts and is prepared by pressing harvested peanuts. It has a slightly nutty flavour and is present in unrefined, refined and roasted forms. It is high in nutrients like Vitamin E and K, monounsaturated fatty acids (MUFA), trans fatty acids, polyunsaturated fatty acids (PUFA), and saturated fatty acids (SFA). It has many functions and plays the role of an anti-inflammatory, antioxidant, anticancer, antidiabetic and anti-microbial agent.
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It helps with regulating blood cholesterol, reducing bad cholesterol and risk associated with heart issues as well as prevention of diabetes and obesity. It is typically used for deep frying since it has a high smoking point (437℉ or 225℃).
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 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:
Groundnut Oil is a cooking oil which is used for applications like grilling, frying, sautéing, seasoning and tempering since it has a neutral flavour. It finds applications besides cooking and is used as a garnish and dressing. In addition, it is added to food products such as sweets, bakery and to, soups, gravies, snacks and chutney, which furthers its market demand. Also, the oil has many health benefits and gaining popularity among consumers for its health benefits which furthers the industry’s development.
Key Players:
- Olam International
- CHS Inc.
- Cargill, Inc.
- Wilmar International Limited
- Archer Daniels Midland Company
- Ventura Foods
News & Recent Development
- 5th February 2023- Groundnut oil stays strong despite the decline in other edible oils like palm or soybean oil. The prices of oil prices are trending higher due to a lack of supply for groundnuts.
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