What is the price of peanut (groundnut) oil per kilogram/pound in Australia today?
The retail price range for Australia peanut (groundnut) oil is between US$ 6.26 and US$ 12.53 per kilogram or between US$ 2.84 and US$ 5.68 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in Australia
The retail price range in Australian Dollar for peanut (groundnut) oil is between AUD 9.42 and AUD 18.85 per kilogram or between AUD 4.27 and AUD 8.55 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia peanut (groundnut) oil is between US$ 4.38 and US$ 8.77 per kilogram or between US$ 1.99 and US$ 3.98 per pound(lb).
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Australia Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnut) Oil from Australia has seen a significant fluctuation over the past five years. In 2011, the price was 5.80 US dollars per kg, which dropped to 4.96 US dollars per kg in 2012. The price then decreased further to 2.60 US dollars per kg in 2013, before increasing to 2.76 US dollars per kg in 2014. In 2015, the price dropped to 2.33 US dollars per kg, before increasing to 2.44 US dollars per kg in 2016. The price then rose to 3.37 US dollars per kg in 2017, before increasing to 3.40 US dollars per kg in 2018. In 2019, the price dropped to 1.79 US dollars per kg, before increasing to 7.79 US dollars per kg in 2020. The price then rose to 8.79 US dollars per kg in 2021, before decreasing to 4.90 US dollars per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Peanut (Groundnut) Oil from Australia will be 5.00 US dollars per kg in 2023 and 5.50 US dollars per kg in 2024.The peanut (groundnut) oil exports from Australia are categorised as:
- Crude groundnut oil (HS code 150810)
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
Australia Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into Australia has seen a lot of fluctuation over the past five years. In 2012, the price was 4.96 US dollars per kg. This dropped to 2.60 US dollars per kg in 2013, before increasing to 2.76 US dollars per kg in 2014. The price then decreased to 2.33 US dollars per kg in 2015, before increasing again to 2.44 US dollars per kg in 2016. In 2017, the price rose to 3.37 US dollars per kg, before increasing further to 3.40 US dollars per kg in 2018. The price then dropped to 1.79 US dollars per kg in 2019, before rising sharply to 7.79 US dollars per kg in 2020. This was followed by another increase to 8.79 US dollars per kg in 2021, before dropping to 4.90 US dollars per kg in 2022. Based on the data, it is likely that the import price per kilogram of Peanut (Groundnut) Oil into Australia will remain relatively stable in 2023, with a predicted price of around 4.90 US dollars per kg. In 2024, the price is likely to increase slightly, with a predicted price of around 5.50 US dollars per kg.Export values for Australia peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in Australia were US$ 1,046, US$ 1,009, US$ 857 and US$ 582 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of peanut (groundnut) oil in other countries across Oceania: Fiji peanut (groundnut) oil, French Polynesia peanut (groundnut) oil, Guam peanut (groundnut) oil, Micronesia peanut (groundnut) oil, New Caledonia peanut (groundnut) oil, Papua New Guinea peanut (groundnut) oil, Samoa peanut (groundnut) oil, Solomon Islands peanut (groundnut) oil, Tonga peanut (groundnut) oil & Vanuatu peanut (groundnut) oil.
Australia peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of peanut (groundnut) oil shipped by Australia in 2020 was 34 metric tons. In 2019 Australia shipped 325 tonnes of peanut (groundnut) oil. For 2019 alone, the demand for Australia peanut (groundnut) oil (processed category) has surged, recording a change of 28.968 % compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports increased by 8.7 pc netting the country US$0.58m for the year 2019. Australia's peanut (groundnut) oil exports are categorised as:
- Crude groundnut oil (HS code 150810)
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
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Australia peanut (groundnut) oil export values
In 2019, Australia shipped peanut (groundnut) oil costing 0.58m USD, a drop of -32.32% from 2018's total peanut (groundnut) oil export of 0.857m USD. The annual reduction in value of Australia peanut (groundnut) oil between 2017 to 2018 was -15.064 percent.
The annual variation in the volume of Australia's peanut (groundnut) oil exports between 2017 and 2019 was 8.7 pc compared to a variation of 28.968% in the period between 2018 and 2019.
Export markets for Australia peanut (groundnut) oil ( in '000$ )
Australia's top destinations for peanut (groundnut) oil are US, China, South Korea, New Zealand and Japan.
Australia purchased 1,018 tonnes of peanut (groundnut) oil in 2019.