Groundnut oil, which is also referred to as peanut oil and arachis oil, is derived from peanuts. The approximate smoke point of groundnut oil is 232 °C and is extensively used for frying foods.
The groundnut oil has a neutral and mild flavour. The major component fatty acids of groundnut oil are palmitic acid, linoleic acid, and oleic acid. Nutritionally, groundnut oil is 46 percent monosaturated fat, 32 percent polyunsaturated fat, and 17 percent saturated fat.
The groundnut oil producing regions are China, Nigeria, India, Myanmar, the United States, Argentina, Brazil, Vietnam, Niger, and Indonesia.
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Key Details About the Groundnut oil Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the groundnut oil price, ginger oleoresin price and glass and its products (PPI) price etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The groundnut oil price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impact Groundnut oil Price Trend:
The principal industrial uses that are impacting the groundnut oil price trend are bakery and confectionary. Groundnut oil is also employed as a fuel and filler in feed and fertiliser industry. It also finds its application as a nutritious fodder for the livestock.
Key Market Players:
- Archer Daniels Midland,
- Cargill,
- Incorporated,
- Olam International,
- Adani Wilmar Limited.,
- Ventura Foods, Others
News and Events:
- Cargill took acquisition of the edible oil refinery based in Nellore, Andhra Pradesh in 2021. The move was planned to lengthen its hold in the southern part of India and to bolster its supply chain in the nation.
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- Mustard Oil Price Trend – https://www.procurementresource.com/resource-center/mustard-oil-price-trends
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