What is the price of peanut (groundnut) oil per kilogram/pound in Ghana today?
The retail price range for Ghana peanut (groundnut) oil is between US$ 6.72 and US$ 9.60 per kilogram or between US$ 3.05 and US$ 4.36 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in Ghana
The retail price range in Ghana Cedi for peanut (groundnut) oil is between GHS 72.29 and GHS 103.27 per kilogram or between GHS 32.78 and GHS 46.83 per pound(lb) in Accra and Kumasi.
Wholesale prices
In 2024, the approximate wholesale price range for Ghana peanut (groundnut) oil is between US$ 4.71 and US$ 6.72 per kilogram or between US$ 2.13 and US$ 3.05 per pound(lb).
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Ghana Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnut) Oil from Ghana has seen a significant decrease over the last five years. In 2010, the price was 2.04 US dollars per kg, but by 2021, it had dropped to 0.00 US dollars per kg. In 2011, the price was 0.50 US dollars per kg, and in 2012 and 2013, it was 1.00 US dollars per kg. In 2014, the price increased to 2.00 US dollars per kg, but then decreased again to 1.52 US dollars per kg in 2017. In 2018, the price dropped to 0.24 US dollars per kg, and in 2019, it was 0.71 US dollars per kg. Based on this trend, it is likely that the export price per kilogram of Peanut (Groundnut) Oil from Ghana will remain low in the next two years, with an estimated price of 0.20 US dollars per kg in 2023 and 0.10 US dollars per kg in 2024.The exports of peanut (groundnut) oil from Ghana are categorised as:
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
- Crude groundnut oil (HS code 150810)
Ghana Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into Ghana has seen a significant fluctuation over the past five years. In 2010, the price was 2.04 US dollars per kg, which dropped to 0.50 US dollars per kg in 2011. The price then increased to 1.00 US dollars per kg in 2012 and 2013, before rising to 2.00 US dollars per kg in 2014. In 2017, the price dropped to 1.52 US dollars per kg, before decreasing further to 0.24 US dollars per kg in 2018. The price then increased to 0.71 US dollars per kg in 2019, before dropping to 0.00 US dollars per kg in 2021. Based on this data, it is likely that the import price per kilogram of Peanut (Groundnut) Oil into Ghana will remain at 0.00 US dollars per kg in 2023 and 2024.Export values for Ghana peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in Ghana were US$ 2, US$ 1,561, US$ 8 and US$ 5 in US dollar thousand for the years 2014, 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 peanut (groundnut) oil in other countries across Africa: Algeria peanut (groundnut) oil, Angola peanut (groundnut) oil, Botswana peanut (groundnut) oil, Burundi peanut (groundnut) oil, Cameroon peanut (groundnut) oil, Cape Verde peanut (groundnut) oil, Central African Republic peanut (groundnut) oil, Comoros peanut (groundnut) oil, DRC Congo peanut (groundnut) oil & Benin peanut (groundnut) oil.
Ghana peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ghana sold 7 tonnes of peanut (groundnut) oil. For the year 2019 alone, the interest in Ghana peanut (groundnut) oil (processed category) has gone down, changing by -78.788 pc compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports decreased by -99.32% bringing the nation US$0.00m for the year 2019. Ghana's peanut (groundnut) oil exports are classified as:
- Crude groundnut oil (HS code 150810)
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
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Ghana peanut (groundnut) oil export values
In 2019, Ghana sold peanut (groundnut) oil worth 0.00m USD, a contraction of -100.00% from 2018's total peanut (groundnut) oil export of 0.008m USD. The annual reduction in value of Ghana peanut (groundnut) oil between 2017 to 2018 was -99.488%.
The yearly variation in the quantity of Ghana's peanut (groundnut) oil exports between 2017 and 2019 was -99.32 per cent when compared to a variation of -78.788% in the growth rate between 2018 and 2019.
Export markets for Ghana peanut (groundnut) oil ( in '000$ )
Ghana's top export markets for peanut (groundnut) oil are US, Italy, Benin, United Kingdom (UK) and the Netherlands.
Ghana imported 58 tonnes of peanut (groundnut) oil in 2019.