Peanut Oil Prices Trend and Forecast

North America

The Peanut oil Prices increased in the fourth quarter of 2022 as a result of increased domestic demand in the North American housing and food industries. Prices climbed due to high input costs in the first half of Q4 of 2022 as a result of a shrinking supply and rising demand. Prices rose in tandem with the end-use industries' continually high demand throughout the second half of Q4. Due to the rise in the price of other edible oils, peanut oil became a different home oil source in several areas, causing its price to rise as well. The price of peanut oil for the USA in December 2022 was reported to be USD /MT toward the conclusion of Q4 2022.

Asia Pacific

The price of peanut oil declined across the Asia Pacific due to the erratic product market dynamics in Q4 2022. The demand-driven nature of the downstream industries, such as the food and housing sectors, is growing. In the early stages of 2022's fourth quarter, prices decreased. The Indonesian government lifted the restriction on palm oil, which led to increased output and lower prices for edible oils. Due to increased supply, which released the pressure on the price of peanut oil and other edible oils, prices fell in the second month of Q4 of 2022. Prices decline in the last month of the fourth quarter as a result of an increase in supply chains and sufficient demand from downstream sectors. Towards the end of Q4 2022, the price of peanut oil was recorded to be USD 1905.87/MT for FOB Mundra India in December 2022.

Europe

Due to rising domestic demand in the food and real estate sectors, peanut oil prices rose in the European region in Q4 2022. In the first three months of Q4 2022, prices climbed because of a rise in demand and a decrease in supply. Because of increasing input costs, prices went up. Prices rose in tandem with the end-use sectors' continually high demand throughout the second part of Q4 of 2022. Due to the rise in the price of other edible oils, peanut oil became a different home oil source in several areas, causing its price to rise as well. Towards the end of Q4 2022, the price of Peanut Oil was recorded to be USD /MT for Germany in September 2022.

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