Peanuts Price in India
- India: 1476 USD/MT
In the fourth quarter of 2023, the price of peanuts in the India reached 1476 USD/MT by December.
The latest report by IMARC Group, titled "Peanuts Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of peanuts prices. This report delves into globally, presenting a detailed analysis, along with informative 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.
Peanuts Prices Analysis:
- India: 1476 USD/MT
- China: 1696 USD/MT
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The study delves into the factors affecting peanuts 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.
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Peanuts Price Trend- Last Quarter
Peanuts, scientifically known as Arachis hypogaea, are legumes that grow underground and are widely consumed both as a snack and as an ingredient in various food products. Unlike true nuts, peanuts belong to the legume family, which also includes beans, lentils, and peas. They are cultivated in warm climates and are harvested by digging up the plants and separating the peanuts from the pods. Peanuts are rich in protein, healthy fats, vitamins, and minerals, making them a nutritious addition to many diets. They are commonly processed into various products such as peanut butter, peanut oil, and peanut flour, and are used in a wide array of culinary applications including snacks, confectionery, and sauces. Peanuts are valued for their versatility, long shelf life, and economic benefits to farmers due to their relatively low cost of cultivation and high yield.
Furthermore, peanuts have significant health benefits, including supporting heart health, improving blood sugar control, and providing antioxidants. The cultivation and processing of peanuts are essential to the agricultural sector, and their global market is influenced by various factors including crop yield, trade policies, and consumer preferences.
Peanuts Industry Analysis
The global peanuts market is experiencing substantial growth, driven by several key factors. One of the primary drivers is the increasing demand for peanuts in various forms, including snacks, spreads, and cooking ingredients. As consumer preferences shift toward healthier snack options, peanuts, with their high protein and healthy fat content, are becoming a popular choice. This trend is further supported by the rising awareness of the nutritional benefits of peanuts and their inclusion in various diet plans aimed at improving heart health and managing weight.
Additionally, the growing popularity of plant-based diets and vegetarianism is fuelling demand for peanuts as a plant-based protein source. Another significant factor influencing the market is the expansion of peanut production in emerging economies. Countries in Asia, Africa, and Latin America are increasing their peanut cultivation to meet domestic and international demand. Advances in agricultural practices and technology, such as improved seed varieties and more efficient farming techniques, are enhancing yield and quality, contributing to market growth.
Moreover, innovations in peanut processing, including the development of new products such as peanut-based protein powders and snack bars, are opening new opportunities for market expansion. Trade policies and international trade agreements also play a crucial role in shaping the global peanuts market. Export-oriented countries are benefiting from favourable trade conditions and access to global markets, while importers are sourcing peanuts to meet local consumption needs.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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