What is the price of oil cake (press cake) per kilogram/pound in Ghana today?
The retail price range for Ghana oil cake (press cake) is between US$ 0.24 and US$ 0.34 per kilogram or between US$ 0.11 and US$ 0.15 per pound(lb). Click here to see today's exact prices of oil cake (press cake) in Ghana
The retail price range in Ghana Cedi for oil cake (press cake) is between GHS 2.59 and GHS 3.62 per kilogram or between GHS 1.17 and GHS 1.64 per pound(lb) in Accra and Kumasi.
Wholesale prices
In 2024, the approximate wholesale price range for Ghana oil cake (press cake) is between US$ 0.17 and US$ 0.24 per kilogram or between US$ 0.08 and US$ 0.11 per pound(lb).
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Ghana Oil Cake (press Cake) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Oil cake (Press cake) from Ghana over the last five years has been quite varied. In 2016, the price was 0.12 US $ per kg, followed by a significant drop to 0.05 US $ per kg in 2017. In 2018, the price rose to 0.07 US $ per kg, and has remained at that level since then. The highest price in the last five years was in 2015, when it reached 12.39 US $ per kg. Based on this data, it is likely that the export price of Oil cake (Press cake) from Ghana will remain at 0.07 US $ per kg in 2023 and 2024.Ghana Oil Cake (press Cake) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Oil cake (Press cake) into Ghana has seen a significant fluctuation over the past five years. In 2016, the price was at its lowest at 0.12 US $ per kg, before increasing to 12.39 US $ per kg in 2015. Since then, the price has been steadily decreasing, with the most recent figures for 2019 and 2020 being 0.07 US $ per kg. This suggests that the import price of Oil cake (Press cake) into Ghana is likely to remain low in the near future. Based on this trend, it is predicted that the import price of Oil cake (Press cake) into Ghana in 2023 and 2024 will be 0.07 US $ per kg.Export values for Ghana oil cake (press cake)
The total values in export for oil cake (press cake) in Ghana were US$ 1,263, US$ 5,027, US$ 7,673 and US$ 5,567 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Ghana: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of oil cake (press cake) in other countries across Africa: Algeria oil cake (press cake), Angola oil cake (press cake), Botswana oil cake (press cake), Burundi oil cake (press cake), Cameroon oil cake (press cake), Cape Verde oil cake (press cake), Central African Republic oil cake (press cake), Comoros oil cake (press cake), DRC Congo oil cake (press cake) & Benin oil cake (press cake).
Ghana oil cake (press cake) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ghana sold 79,650 tonnes of oil cake (press cake). Across 2019 alone, the market for Ghana oil cake (press cake) (processed category) has reduced, flactuating by -28.411 percent compared to the year 2018. Between 2017 and 2019, oil cake (press cake)'s exports decreased by -18.58 pc earning the nation US$5.57m for the year 2019. Ghana's oil cake (press cake) exports are categorised as:
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of cotton seeds (HS code 230610)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil (HS code 230400)
- Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of rape or colza seeds (HS code 230640)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of coconut or copra (HS code 230650)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of < 2% and yielding a solid component of glucosinolates of < 30 micromoles/g" (HS code 230641)
- Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of vegetable fats or oils from maize "corn" germ (HS code 230670)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of high erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of >= 2% and yielding a solid component of glucosinolates of >= 30 micromoles/g" (HS code 230649)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of vegetable fats or oils (excluding of cotton seeds, linseed, sunflower seeds, rape or colza seeds, coconut or copra, palm nuts or kernels, or from the extraction of soya-bean oil or groundnut oil) (HS code 230690)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of linseed (HS code 230620)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of groundnut oil (HS code 230500)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of palm nuts or kernels (HS code 230660)
- Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of sunflower seeds (HS code 230630)
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Ghana oil cake (press cake) export values
In 2019, Ghana shipped oil cake (press cake) worth 5.57m USD, a drop of -27.41% from 2018's total oil cake (press cake) export of 7.673m USD. The annual change in value of Ghana oil cake (press cake) between 2017 to 2018 was 52.636%.
The per year change in the volume of Ghana's oil cake (press cake) exports between 2017 and 2019 was -18.58 percent when compared to a variation of -28.411% in the growth rate between 2018 and 2019.
Export markets for Ghana oil cake (press cake) ( in '000$ )
Ghana brought in 54,649 tonnes of oil cake (press cake) in 2019.