What is the price of peanut (groundnut) oil per kilogram/pound in India today?
The retail price range for India peanut (groundnut) oil is between US$ 5.06 and US$ 10.36 per kilogram or between US$ 2.29 and US$ 4.70 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in India
The retail price range in Indian Rupee for peanut (groundnut) oil is between INR 419.22 and INR 858.40 per kilogram or between INR 190.12 and INR 389.30 per pound(lb) in New Delhi and Mumbai.
Wholesale prices
In 2024, the approximate wholesale price range for India peanut (groundnut) oil is between US$ 3.54 and US$ 7.25 per kilogram or between US$ 1.61 and US$ 3.29 per pound(lb).
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India Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnut) Oil from India has seen a steady decline over the last five years. In 2021, the export price was 1.98 US $ per kg, which is a decrease of 0.17 US $ per kg from the previous year. The lowest export price was recorded in 2018, at 1.20 US $ per kg. The highest export price was recorded in 2012, at 2.35 US $ per kg. Based on this data, it is predicted that the export price of Peanut (Groundnut) Oil from India in 2023 will be 1.76 US $ per kg and in 2024 will be 1.63 US $ per kg.The exports of peanut (groundnut) oil from India 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)
India Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into India has seen a fluctuating trend over the last five years. In 2016, the price was recorded at $1.55, which was the highest in the last five years. This was followed by a decrease in the price to $1.40 in 2017. In 2018, the price further decreased to $1.20, which was the lowest in the last five years. The price then increased to $1.44 in 2019 and further to $1.81 in 2020. The latest data shows that the price has increased to $1.98 in 2021. Based on the data, it can be predicted that the import price per kilogram of Peanut (Groundnut) Oil into India will continue to increase in the coming years. It is expected that the price will reach $2.15 in 2023 and $2.32 in 2024.Export values for India peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in India were US$ 18,364, US$ 18,749, US$ 21,029 and US$ 30,554 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in India: 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 Asia: Kazakhstan peanut (groundnut) oil, Kyrgyzstan peanut (groundnut) oil, Tajikistan peanut (groundnut) oil, Turkmenistan peanut (groundnut) oil, Uzbekistan peanut (groundnut) oil, China peanut (groundnut) oil, Hong Kong peanut (groundnut) oil, Macao peanut (groundnut) oil, North Korea peanut (groundnut) oil & Mongolia peanut (groundnut) oil.
India peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 India exported 21,176 tonnes of peanut (groundnut) oil. Across 2019 alone, the interest in India peanut (groundnut) oil (processed category) has improved, recording a change of 21.13 percent compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports increased by 58.5 percent bringing the country US$30.55m for the year 2019. India's peanut (groundnut) oil exports are categorised as:
- Crude groundnut oil (HS code 150810)
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
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India peanut (groundnut) oil export values
In 2019, India sold peanut (groundnut) oil worth 30.55m USD, an increase of 45.28% from 2018's total peanut (groundnut) oil export of 21.029m USD. The annual growth in value of India peanut (groundnut) oil between 2017 to 2018 was 12.161 pc.
The annual change in the quantity of India's peanut (groundnut) oil exports between 2017 and 2019 was 58.5 percent compared to a variation of 21.13% in the period between 2018 and 2019.
Export markets for India peanut (groundnut) oil ( in '000$ )
India's leading export markets for peanut (groundnut) oil are China, Italy, Vietnam, US and Singapore.
India brought in 21,176 tonnes of peanut (groundnut) oil in 2019.