What is the price of peanut (groundnut) oil per kilogram/pound in Singapore today?
The retail price range for Singapore peanut (groundnut) oil is between US$ 16.56 and US$ 27.91 per kilogram or between US$ 7.51 and US$ 12.66 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in Singapore
The retail price range in Singapore Dollar for peanut (groundnut) oil is between SGD 22.27 and SGD 37.54 per kilogram or between SGD 10.10 and SGD 17.02 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore peanut (groundnut) oil is between US$ 11.59 and US$ 19.54 per kilogram or between US$ 5.26 and US$ 8.86 per pound(lb).
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Singapore Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnut) Oil from Singapore has seen a steady increase over the last five years. In 2017, the price was 2.92 US $ per kg, and in 2021 it was 3.33 US $ per kg. This represents an increase of 14.5% over the five year period. The highest price was recorded in 2020, when it reached 4.67 US $ per kg. It is likely that the price will continue to increase in the coming years, with an estimated price of 3.50 US $ per kg in 2023 and 3.75 US $ per kg in 2024.The exports of peanut (groundnut) oil from Singapore 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)
Singapore Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into Singapore has seen a steady increase over the last five years. In 2017, the price was 2.92 US dollars per kg, and this increased to 3.10 US dollars per kg in 2019. The highest price was recorded in 2020, when the import price was 4.67 US dollars per kg. This was followed by a slight decrease in 2021, when the price was 3.33 US dollars per kg. Based on the data, it is likely that the import price of Peanut (Groundnut) Oil into Singapore will continue to increase in the coming years. We predict that the import price in 2023 will be around 4.00 US dollars per kg, and in 2024 it will be around 4.50 US dollars per kg.Export values for Singapore peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in Singapore were US$ 2,513, US$ 2,468, US$ 2,307 and US$ 1,636 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Singapore: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
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Singapore peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
The volume of peanut (groundnut) oil exported by Singapore in 2020 was 9 metric tons. In 2019 Singapore shipped 527 tonnes of peanut (groundnut) oil. Through 2019 alone, the market for Singapore peanut (groundnut) oil (processed category) has decreased, changing by -32.088 % compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports reduced by -37.71 percent earning the nation US$1.64m for the year 2019. Singapore's peanut (groundnut) oil exports are classified as:
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
- Crude groundnut oil (HS code 150810)
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Singapore peanut (groundnut) oil export values
In 2019, Singapore sold peanut (groundnut) oil with a value of 1.64m USD, a drop of -28.91% from 2018's total peanut (groundnut) oil export of 2.307m USD. The yearly reduction in value of Singapore peanut (groundnut) oil between 2017 to 2018 was -6.524 per cent.
The yearly variation in the volume of Singapore's peanut (groundnut) oil exports between 2017 and 2019 was -37.71 pc compared to a variation of -32.088% in the period between 2018 and 2019.
Export markets for Singapore peanut (groundnut) oil ( in '000$ )
Singapore's best performing destinations for peanut (groundnut) oil are Australia, Malaysia, China, Thailand and Nigeria.
Singapore bought 796 tonnes of peanut (groundnut) oil in 2019.