Bold peanuts are the major oilseed of India. It accounts for around 25% of the total oil seed production of the country. Annual production of Indian Peanuts and Indian Peanuts oil are around 5-8min and 1.5 min 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 producer of Peanuts. Around 75% of the crop is produced in Khariff (June- Sepetember) and remaining 25% in rabi (Novemeber- March). India exported around 100000 tons of groundnut oil in 2003-04 after 4decades, as crop failed in Senegal and Argentina. Peanuts kernels are approx. 70% of weight in shells and kernels have an oil recovery of 40-42%.
Factors Influencing Bold Peanuts market:-
- Weather at the major domestic producing centers. The southwest monsoon is the most important factor that determines the area sown, production and prices.
- Price of other competitive oils in India
- International price movement of soy oil at CBDT and palm oil at BMD, Malaysia also influence the groundnut oil prices.
- Festivals and celebrations also increase consumption and the prices
|Bold Counts per ounce||38/42, 40/45, 45/50, 45/55, 50/60, 60/70, 70/80|
|Moisture||7% to 8% (as per customer requirements)|
|Admixture||1% max (as per customer requirements)|
|Foreign matter||0.5% max (as per customer requirements)|
|Oil content||48 to 52%|
|Loadibility||Per 20FCL : 19MTS (For Bold)|