Peanut Oil Prices Trend and Forecast

North America

The Peanut OilPrices increased in the first quarter of 2023 as a result of increaseddomestic demand in the North American housing and food industries. Prices climbed due to high input costs in the first half of Q1 of 2023 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 Q1. 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. Prices rise in the final month of the first quarter due to tighter supply chains and strong demand from downstream industries.

Asia Pacific

The price of Peanut Oil inclinedacross the Asia Pacific due to the volatile product market dynamics in Q1 2023. The domestic and food sectors are two examples of downstream industries that are increasingly demand-driven. Prices rose at the beginning of the 2023 fourth quarter. The Indonesian government made Palm OilPrices easier to obtain, which increased production and lowered thecost of other edible oils, notably Peanut Oil Prices for Peanut Oil and other
edible oils increased in the second month of 2023's first quarter as a result of a reduction in supply, which alleviated pressure on their prices. Prices rise in the final month of the first quarter as a result of tighter supply chains and high downstream demand. Towards the end of Q1 2023, the price of Peanut Oil was recorded to be USD 2125.77/MT for FOB Mundra India in March 2023.

Europe

Prices of Peanut Oil increased inthe European region in Q1 2023 as a result of rising local demand in the culinary and real estate sectors. Prices increased in the first three months of Q1 as a result of increased demand and decreased supply. Prices increased as a result of rising input costs. Throughout the second half of Q1, prices increased in step with the end-use industries' persistently high demand. The price of Peanut Oil increased as a result of the rise in the cost of other edible oils, which made it a different source of household oil in some regions.

ChemAnalyst addresses the keyproblematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefiting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.