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Regional estimates are Gujarat (1-3.5 million tons), Tamil Nadu (1million tons), Andhra Pradesh (1-2 million tons), Karnataka (0.5 million tons), Maharashtra (0.5 million tons) are the major producers of Peanuts.
Around 75% of the crop is produced in khariff (June - September) and remaining 25% in rabi (November - March). India exported around 100000 tons of groundnut oil in 2003-04 after 4 decades, as crop failed in Senegal and Argentina. Peanuts or Groundnut kernels are approx. 70% of weight in shells and kernels have an oil recovery of 40-42%.
China (2-2.5 million tons), India (1.5-2 million tons) is the major producers of groundnut oil, followed by Sub-Saharan African countries and Central and South America.
Global trade of Indian Peanuts or Indian Groundnut oil is to the maximum of 100000 tons a year. EU and US are major importers. Senegal and Argentina are the major Peanuts exporters.
Factors Influencing Peanuts or Groundnut Markets
- Weather at the major domestic producing centers. The southwest monsoon is the most important factor that determines the area sown, production and prices.
- Price of other competitive oils in India, viz., soy oil, palm oil, cottonseed oil, sunflower oil and mustard oil.
- International price movement of soy oil at CBOT and palm oil at BMD, Malaysia also influence the groundnut oil prices.
- Festivals and celebrations also increase consumption and the prices.
