Peanut Oil Price Trend and Forecast

North America

Due to higher domestic home and food industry demand in North America, the Peanut Oil Prices rose in the third quarter of 2022. Prices rose in the first half of Q3 of 2022 because of declining supply and increasing demand, so the prices increased because of high input prices. In the second half of Q3, prices increased in step with the end-use sectors' persistently high demand. Since peanut oil was a different domestic oil source in various provinces due to the price increase of other edible oils, its price also climbed. Towards the end of Q3 2022, the price of Peanut Oil was recorded to be USD 2143/MT for the USA in September 2022.

Asia Pacific

Throughout the Asia Pacific, the price of peanut oil varied because of the uncertain product market dynamics in Q3 2022. The downstream sectors, such as the food and home sectors, are becoming more demand driven. The prices rose in the first part of Q3 of 2022. The Indonesian ban on palm oil has resulted in higher pricing for edible oils. Prices dropped in the second month of Q3 of 2022 because of Indonesia's easy ban, and the plentiful Palm Oil Prices has relieved pressure on the price of peanut oil and other edible oils. Due to a rise in demand from downstream sectors, prices rose in the final month of the third quarter. Towards the end of Q3 2022, the price of Peanut Oil was recorded to be INR 165000/MT for FOB Mundra India in September 2022.

Europe

In the European region, the price of Peanut Oil increased in Q3 2022 due to increasing domestic demand in the food and housing industries. Due to a rise in demand and a decline in supply, prices increased in the first quarter of Q3 2022. Prices increased because of high input prices. In the second half of Q3 of 2022, prices increased in step with persistently high demand from the end-use industries. Since peanut oil was a different domestic oil source in various provinces due to the price increase of other edible oils, its price also climbed. Towards the end of Q3 2022, the price of Peanut Oil was recorded to be USD 2062/MT for Germany in September 2022.

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