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Written by Beckett » Updated on: August 12th, 2024
Peanut Oil Price in India
India: 1922 USD/MT
The price of peanut oil in India for Q4 2023 reached 1922 USD/MT in December.
The latest report by IMARC Group, titled "Peanut Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of peanut oil prices. This report delves into globally, presenting a detailed analysis, along with informative peanut oil price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Peanut Oil Prices December 2023:
Report Offering:
The study delves into the factors affecting peanut oil price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/peanut-oil-pricing-report/requestsample
Peanut Oil Price Trend- Last Quarter
The peanut oil market is primarily driven by the expanding food industry, particularly in Asia-Pacific and North America, which drives significant consumption of peanut oil due to its versatile culinary applications, including frying, roasting, and as a salad oil. Apart from this, the increasing awareness and preference for healthier cooking oils propel the market, as peanut oil is perceived as a heart-healthy option rich in monounsaturated fats and antioxidants. Thirdly, the cosmetics and personal care sectors contribute to demand, with peanut oil valued for its moisturizing and emollient properties in skincare products and massage oils.
Additionally, industrial applications in biodiesel production leverage the oil's high lipid content and low freezing point, enhancing its attractiveness in biofuel manufacturing. Moreover, favorable government policies promoting sustainable agricultural practices and oilseed cultivation have catalyzed market growth. Furthermore, shifting consumer preferences toward organic and non-GMO products drive innovations in peanut oil extraction and refining processes, catering to a discerning market seeking premium-quality, sustainable oils.
Peanut Oil Industry Analysis
Throughout the first quarter of 2024, the peanut oil market in South America, particularly in Brazil, witnessed a complex and varied pricing trajectory marked by overall negative trends. Prices initially stabilized in January after the holiday season, reflecting a return to normal market activity following subdued demand during Christmas and New Year celebrations. However, as the quarter progressed, several factors contributed to a decline of over 3 percent compared to the previous year's final quarter. One significant factor influencing market dynamics was adverse weather conditions affecting peanut yields. Brazil experienced a challenging agricultural environment characterized by periods of drought and excessive rainfall, which negatively impacted crop productivity and output forecasts for the upcoming harvest seasons. These weather-related disruptions led to concerns over potential supply shortages and contributed to downward pressure on peanut oil prices.
Additionally, the global macroeconomic environment played a role, with fluctuations in currency exchange rates affecting import costs and market competitiveness. The depreciation of local currencies against the US dollar further exacerbated pricing challenges, making exports relatively more expensive and potentially reducing international demand for Brazilian peanut oil. Overall, these factors combined to create a cautious and somewhat bearish sentiment in the South American peanut oil market during the first quarter of 2024, underscoring the volatility and sensitivity of agricultural commodity markets to both natural and economic factors.
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, provides high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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