Peanut Oil Price Trend Analysis 2026: Market Insights, Historical Prices, Latest News, Supply Demand Analysis & Price Drivers

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Written ByNeha Gawande

Procurement Resource Database

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Peanut Oil Dashboard Inclusions

Peanut Oil Price Dasboard

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Asia

In Q4 of 2024, peanut oil prices in Asia faced downward pressure primarily due to a bumper groundnut harvest in key producing regions, especially India. Gujarat saw a significant increase in groundnut production, which resulted in a large supply of peanuts. However, the demand for peanut oil remained weak both domestically and in export markets.

Indian exporters faced stiff competition from African countries like Nigeria and Ghana, which offered peanuts and oil at more competitive prices. This led to a reduction in India’s export share, particularly in African markets. As a result, peanut oil prices in the region softened, and it was expected that the availability of new stock in the coming months would further push prices down.

Europe

In Europe, the price trend for peanut oil mirrored the challenges seen in Asia. Import prices for Indian peanut oil faced stiff competition from other regions, particularly from Africa, where lower prices were offered. The European market, which relies heavily on imports, found itself under pressure as the export prices from India were not competitive enough. Moreover, European consumers were less willing to pay premium prices due to the availability of cheaper alternatives like sunflower and palm oils. Consequently, European peanut oil prices experienced some downward movement, aligning with the global trends of weakening demand and oversupply.

North America

In North America, peanut oil prices remained relatively stable but faced slight declines toward the end of Q4. The oversupply of peanuts in India and other major producing countries contributed to the softness in global peanut oil prices, which in turn affected the North American market. While the U.S. continued to import peanut oil, competition from lower-priced oils in Asia and Africa dampened demand. This situation put pressure on the market, leading to some reduction in prices for peanut oil, especially with the growing supply from India and other regions.

Analyst Insight

According to Procurement Resource, the outlook for Peanut Oil prices is expected to remain weak due to continued oversupply from major producing countries like India and China. The increased competition from low-priced oils in Africa and other regions is likely to exert further downward pressure.

About Peanut Oil

Groundnut or peanut oil is a healthy sweet-flavoured oil derived from peanuts. It is available in various forms, including refined, cold-pressed, gourmet and blended. It has various nutrients like Vitamin E, Vitamin K, Iron, Zinc, Phytosterols and healthy fats (saturated, monounsaturated and polyunsaturated). It is mainly used for culinary applications.

Peanut Oil Product Detail

Hs Code
15089000
Chemical Formula

C22H14N6Na2O9S2

Cas Number
8002-03-7
Molecular Weight
616.49 g/mol
Industrial Uses

As a carrier oil in cosmetic products, as pharmaceutic aid (solvent), as a cooking and salad oil, for deep frying, shortening ingredient for doughnuts and cakes, as an emulsifier, and emollient.

Synonyms

PEANUT OIL, ARACHIS OIL, katchung oil, earthnut oil, OIL OF PEANUT, GROUND NUT OIL, indigenous peanut oil, Solvent crude peanut oil

Supplier Database

Olam International, CHS Inc., Cargill, Inc., Wilmar International Limited, Archer Daniels Midland Company, Ventura Foods

Regional Coverage

Asia Pacific

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe

Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America

United States and Canada

Latin America

Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa

South Africa, Nigeria, Egypt, Algeria, Morocco

CurrencyUS$ (Data can also be provided in local currency)

Supplier Database AvailabilityYes

Customization ScopeThe report can be customized as per the requirements of the customer

Post-Sale Analyst Support360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Peanut Oil Production Processes

Peanut oil is produced by cleaning and purifying the Peanuts, followed by screw pressing to extract the oil. The extracted oil is then refined through processes like neutralization, bleaching, and deodorization.

About the Author

Neha Gawande profile photo

Neha Gawande

Senior Lead Analyst

Delivering procurement intelligence and commodity research across automotive, oil & gas, chemicals, aerospace, and energy, helping sourcing teams decode complex supply chain data to sharpen purchasing strategies and achieve sustainable cost outcomes.

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