Groundnut Oil Price

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"World" is the global benchmark price (World Bank Pink Sheet, monthly since 1960, where available). Currency conversion uses monthly ECB reference rates since 1999 (some currencies joined later) — for comparison, not precise historical FX accounting.

Top Producers

Rank	Country	Quantity
1	India	2,309,000 t
2	China	1,848,600 t
3	Nigeria	390,500 t
4	Myanmar (Burma)	242,800 t
5	Sudan	159,000 t
6	Senegal	137,100 t
7	Guinea	127,825 t
8	Brazil	110,200 t
9	United States	96,000 t
10	Ghana	80,468 t
11	Chad	64,000 t
12	Cameroon	63,800 t
13	Netherlands	52,639 t
14	Malawi	52,200 t
15	Argentina	46,722 t
16	Algeria	44,931 t
17	Niger	39,800 t
18	Guinea-Bissau	34,105 t
19	Vietnam	32,300 t
20	Benin	32,000 t
21	Angola	31,666 t
22	Burkina Faso	30,308 t
23	Central African Republic	28,000 t
24	Mali	26,400 t
25	Pakistan	25,771 t
26	Nicaragua	24,700 t
27	Indonesia	23,430 t
28	Bangladesh	21,042 t
29	Poland	20,503 t
30	Congo - Kinshasa	19,381 t
31	Côte d’Ivoire	17,100 t
32	Egypt	16,221 t
33	Uganda	14,688 t
34	Morocco	14,587 t
35	Sierra Leone	12,793 t
36	Thailand	12,000 t
37	Philippines	11,706 t
38	Gambia	10,400 t
39	Iraq	8,855 t
40	Zimbabwe	8,700 t
41	Rwanda	7,479 t
42	Belgium	5,589 t
43	Taiwan	5,200 t
44	Greece	5,188 t
45	Zambia	5,162 t
46	Laos	4,616 t
47	Lebanon	4,434 t
48	Mexico	4,200 t
49	Italy	4,100 t
50	Nepal	3,956 t

FAOSTAT production data, 2023.

Top Importers

Rank	Country	Quantity
1	China	247,954 t
2	Italy	29,240 t
3	United States	19,188 t
4	Netherlands	12,545 t
5	Hong Kong SAR China	11,775 t
6	France	8,768 t
7	Belgium	6,783 t
8	Canada	4,417 t
9	United Kingdom	3,779 t
10	Germany	2,817 t
11	Switzerland	2,527 t
12	Malaysia	1,809 t
13	Czechia	1,773 t
14	Norway	1,344 t
15	Vietnam	1,278 t
16	Macao SAR China	941 t
17	Australia	863 t
18	Spain	788 t
19	Austria	552 t
20	Singapore	419 t
21	Japan	404 t
22	United Arab Emirates	372 t
23	Luxembourg	317 t
24	Kuwait	280 t
25	Samoa	251 t
26	India	238 t
27	Togo	200 t
28	Sweden	197 t
29	Saudi Arabia	163 t
30	Central African Republic	161 t
31	New Zealand	141 t
32	South Africa	129 t
33	South Korea	115 t
34	Qatar	88 t
35	Slovenia	88 t
36	Thailand	76 t
37	Portugal	59 t
38	Yemen	59 t
39	Brazil	54 t
40	Cuba	53 t
41	Nigeria	47 t
42	Poland	47 t
43	Romania	41 t
44	Mexico	37 t
45	Bahrain	36 t
46	Oman	34 t
47	Türkiye	33 t
48	Indonesia	32 t
49	Ghana	28 t
50	Namibia	27 t

FAOSTAT trade data, 2023.

Top Exporters

Rank	Country	Quantity
1	India	116,134 t
2	Brazil	96,279 t
3	Argentina	39,789 t
4	Nicaragua	17,408 t
5	Belgium	14,856 t
6	Netherlands	10,675 t
7	Gambia	9,682 t
8	China	9,635 t
9	Sudan	8,806 t
10	United States	5,541 t
11	France	2,614 t
12	Senegal	1,827 t
13	Hong Kong SAR China	1,633 t
14	Italy	1,628 t
15	Vietnam	1,519 t
16	Germany	1,249 t
17	Nigeria	1,097 t
18	Malaysia	695 t
19	Niger	600 t
20	Mali	349 t
21	Chile	295 t
22	Spain	195 t
23	United Kingdom	183 t
24	South Africa	140 t
25	Taiwan	130 t
26	United Arab Emirates	126 t
27	Guinea	109 t
28	Switzerland	104 t
29	Austria	66 t
30	Australia	60 t
31	Thailand	56 t
32	Canada	35 t
33	Liberia	33 t
34	Norway	30 t
35	Portugal	22 t
36	Kuwait	15 t
37	Luxembourg	13 t
38	Bangladesh	11 t
39	Israel	9 t
40	Oman	7 t
41	Saudi Arabia	6 t
42	Guatemala	3 t
43	Singapore	3 t
44	Latvia	3 t
45	Egypt	3 t
46	New Zealand	2 t
47	Lithuania	2 t
48	Denmark	2 t
49	Trinidad & Tobago	2 t
50	Chad	1 t

FAOSTAT trade data, 2023.

About Groundnut Oil

Vegetable oil pressed from groundnuts (peanuts), used for cooking and, in some regions, biodiesel. India and China are the largest producers and consumers. Prices move with the broader vegetable oil complex, competing with soybean, palm and sunflower oil.

Latest World price (2025-12): -17% vs. the 5-year average, -6% vs. the 10-year average, -4% vs. a year ago.