What is the price of peanut (groundnut) oil per kilogram/pound in US today?
The retail price range for US peanut (groundnut) oil is between US$ 2.94 and US$ 3.91 per kilogram or between US$ 1.33 and US$ 1.78 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in US
The retail price range in Euro for peanut (groundnut) oil is between EUR 2.69 and EUR 3.59 per kilogram or between EUR 1.22 and EUR 1.63 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US peanut (groundnut) oil is between US$ 2.06 and US$ 2.74 per kilogram or between US$ 0.93 and US$ 1.24 per pound(lb).
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US Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnut) Oil from the US has seen a steady increase over the last five years. In 2017, the price was 2.11 US dollars per kg, and in 2021 it was 1.82 US dollars per kg. The highest price was recorded in 2013, when it was 2.58 US dollars per kg. The lowest price was in 2020, when it was 1.69 US dollars per kg. Based on the data, it is predicted that the export price per kilogram of Peanut (Groundnut) Oil from the US will be 2.45 US dollars per kg in 2022 and 2.60 US dollars per kg in 2023. In 2024, the price is expected to be 2.75 US dollars per kg.The peanut (groundnut) oil exports from US 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)
US Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into the US has seen a fluctuating trend over the last five years. In 2012, the price was recorded at $1.57, which increased to $2.58 in 2013. However, the price dropped to $2.31 in 2014 and further decreased to $1.84 in 2015. In 2016, the price rose to $2.32 and then dropped to $2.11 in 2017. The price then increased to $2.26 in 2018 and dropped to $2.15 in 2019. The price then decreased to $1.69 in 2020 and rose to $1.82 in 2021. The latest data shows that the price of Peanut (Groundnut) Oil into the US was recorded at $2.45 in 2022. Based on the data, it can be predicted that the import price per kilogram of Peanut (Groundnut) Oil into the US will be around $2.30 in 2023 and $2.45 in 2024.Export values for US peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in US were US$ 12,587, US$ 13,281, US$ 11,248 and US$ 9,759 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in US: 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 North America: Canada peanut (groundnut) oil, US peanut (groundnut) oil, Anguilla peanut (groundnut) oil, Antigua and Barbuda peanut (groundnut) oil, Bermuda peanut (groundnut) oil, Bonaire, Sint Eustatius and Saba peanut (groundnut) oil, St.Pierre and Miquelon peanut (groundnut) oil, United States Minor Outlying Islands peanut (groundnut) oil, Cayman Islands peanut (groundnut) oil & Greenland peanut (groundnut) oil.
US peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
The volume of peanut (groundnut) oil shipped by US in 2020 was 13,785 metric tons. In 2019 US exported 4,553 tonnes of peanut (groundnut) oil. For 2019 alone, the market for US peanut (groundnut) oil (processed category) has shrunk, flactuating by -8.703 pc compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports went down by -27.67 pc bringing the exporter US$9.76m for the year 2019. US' peanut (groundnut) oil exports are categorised as:
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
- Crude groundnut oil (HS code 150810)
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US peanut (groundnut) oil export values
In 2019, US shipped peanut (groundnut) oil worth 9.76m USD, a decrease of -13.23% from 2018's total peanut (groundnut) oil export of 11.248m USD. The annual change in value of US peanut (groundnut) oil between 2017 to 2018 was -15.308%.
The annual/yearly variation in the amount of US' peanut (groundnut) oil exports between 2017 and 2019 was -27.67 pc when compared to a variation of -8.703% in the growth rate between 2018 and 2019.
Export markets for US peanut (groundnut) oil ( in '000$ )
US' leading export markets for peanut (groundnut) oil are Canada, China, Malaysia, Hong Kong and Germany.
US ordered 13,308 tonnes of peanut (groundnut) oil in 2019.