What is the price of peanut (groundnuts) per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka peanut (groundnuts) is between US$ 1.26 and US$ 2.42 per kilogram or between US$ 0.57 and US$ 1.10 per pound(lb). Click here to see today's exact prices of peanut (groundnuts) in Sri Lanka
The retail price range in Sri Lanka Rupee for peanut (groundnuts) is between LKR 386.52 and LKR 743.31 per kilogram or between LKR 175.29 and LKR 337.10 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka peanut (groundnuts) is between US$ 0.88 and US$ 1.69 per kilogram or between US$ 0.40 and US$ 0.77 per pound(lb).
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Sri Lanka Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnuts) from Sri Lanka has seen a steady decline over the last five years. In 2012, the export price was 7.00 US $ per kg, but by 2021, it had dropped to 5.25 US $ per kg. The lowest price was seen in 2020, when the export price was 2.25 US $ per kg. Looking ahead, it is likely that the export price of Peanut (Groundnuts) from Sri Lanka will remain around 5.00 US $ per kg in 2023 and 2024.The Sri Lanka peanut (groundnuts) exports are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
Sri Lanka Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into Sri Lanka has seen a fluctuating trend over the last five years. In 2012, the price was 7.00 US dollars per kg, which dropped to 2.50 US dollars per kg in 2013. This was followed by an increase to 8.75 US dollars per kg in 2014. The price then dropped to 8.50 US dollars per kg in 2015, before further decreasing to 6.50 US dollars per kg in 2016. In 2017, the price rose to 9.00 US dollars per kg, before dropping to 4.25 US dollars per kg in 2019. The price then decreased further to 2.25 US dollars per kg in 2020, before rising to 5.25 US dollars per kg in 2021. Based on this trend, it is predicted that the import price per kilogram of Peanut (Groundnuts) into Sri Lanka will be 3.75 US dollars per kg in 2023 and 4.50 US dollars per kg in 2024.Export values for Sri Lanka peanut (groundnuts)
The total values in export for peanut (groundnuts) in Sri Lanka were US$ 13, US$ 9, US$ 487 and US$ 102 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts and Oil Seeds category in Sri Lanka: Pine nuts, Pecans, Chia seeds & Hemp seeds.
See prices of peanut (groundnuts) in other countries across Asia: Kazakhstan peanut (groundnuts), Kyrgyzstan peanut (groundnuts), Tajikistan peanut (groundnuts), Turkmenistan peanut (groundnuts), Uzbekistan peanut (groundnuts), China peanut (groundnuts), Hong Kong peanut (groundnuts), Macao peanut (groundnuts), North Korea peanut (groundnuts) & Mongolia peanut (groundnuts).
Sri Lanka peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka shipped 41 tonnes of peanut (groundnuts). In 2019 alone, the market for Sri Lanka peanut (groundnuts) (nuts and oil seeds category) has shrunk, with a change of -84.109 per cent compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports grew by 4000% earning Sri Lanka US$0.10m for the year 2019. Sri Lanka's peanut (groundnuts) exports are categorised as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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Sri Lanka peanut (groundnuts) export values
In 2019, Sri Lanka exported peanut (groundnuts) worth 0.10m USD, a drop of -79.47% from 2018's total peanut (groundnuts) export of 0.487m USD. The yearly change in value of Sri Lanka peanut (groundnuts) between 2017 to 2018 was 5311.111 per cent.
The per year change in the amount of Sri Lanka's peanut (groundnuts) exports between 2017 and 2019 was 4000% compared to a variation of -84.109% in the period between 2018 and 2019.
Export markets for Sri Lanka peanut (groundnuts) ( in '000$ )
Sri Lanka's best performing export markets for peanut (groundnuts) are Bulgaria, South Korea, Finland, Israel and Mexico.
Sri Lanka imported 1,503 tonnes of peanut (groundnuts) in 2019.
Production
The production of peanut (groundnuts) in Sri Lanka was 26,922 tonnes in 2019 and is projected to change by an average of -2.46%. The country had approximately 14,528.00 hectares under peanut (groundnuts) cultivation.