Generally, 2.5 kg of groundnut to produce 1 liter of the groundnut oil. The cost of procurement and processing of the groundnut or peanut is around Rs. 90/kg. Hence, simple math says that Rs. 225/liter is the raw material cost. Major Groundnut oil-producing states in India
Which state produces the most groundnut oil in India?
In India groundnut is one of the main oilseed that the country produces and its productions take about 5.8 million hectares. The state of Gujarat takes the first position in groundnut oil productions which is nine percent of world production as the raw groundnut production is high in this area.
Why is the groundnut oil processing industry booming in India?
Groundnut oil processing industry is well sustained by a steady supply of raw groundnuts from areas across India who are motivated by good returns. However, the quantity of natural peanut faces a challenge as farmers are shifting to growing other income commercial crops like cotton which also fetch good prices in the market.
Is groundnut oil a good investment in India?
As per the market statics, groundnut oil demand is still very high in India and another part of the world and the growth of groundnut processing industry comes with opportunities of investing in the sector. It is possible to venture into small-scale groundnut oil production and tap on the potential of the market.
What is the value of peanut oil market in India?
The report on peanut oil market provides a wholistic approach and analysis in market size, forecast, trends, growth drivers and challenges as well as vendor analysis covering around 25 major global vendors. India has exported 6,64,442.93 MT of groundnuts to the world for the worth of Rs. 5,096.34 crores/ 711.38 USD Millions during the year 2019-20.
Where does groundnut oil come from?
Groundnut oil comes from groundnut kernels, and it is used all over the world as people prefer peanut oil over other seed oil. In India groundnut is one of the main oilseed that the country produces and its productions take about 5.8 million hectares.