Bold Peanut

Bold Peanuts
#Bold #peanuts are the major oilseed of India. It accounts for around 25% of the total oilseed production of the country. Annual production of Indian Peanuts and Indian Peanuts oil are around 5-8 mln and 1.5 mln tons respectively. Peanuts Production is highly vulnerable to rainfall deviations and display huge fluctuation between years.

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. Peanuts or Groundnut kernels are approx. 70% of weight in shells and kernels have an oil recovery of 40-42%.

Factors Influencing Peanuts or Bold peanut Markets:

1. Weather at the major domestic producing centers. The southwest monsoon is the most important factor that determines the area sown, production and prices.

2. Price of other competitive oils in India, viz., soy oil, palm oil, cottonseed oil, sunflower oil and mustard oil.

3. International price movement of soy oil at CBOT (Chicago Board of Trade) and palm oil at BMD (Bursa Malaysia Berhad), Malaysia also influence the groundnut oil prices.

4. Festivals and celebrations also increase consumption and the prices.