Track Peanut Oil price trend and forecast in top 10 leading countries worldwide. For the Quarter Ending March 2024 North America Throughout the first quarter of 2024, the prices of peanut oil across the North American region followed the market trajectory of exporting nations, particularly South America.
How did traders respond to peanut oil prices in Q1 2024?
Traders responded by intensifying inventory stocking, despite higher costs due to INR depreciation against the dollar, maintaining domestic prices at elevated levels. Overall, the pricing environment for Peanut Oil in Q1 2024 was uncertain, influenced by supply and demand imbalances, shifting consumer preferences, and input cost fluctuations.
What happened to peanut oil prices in the APAC region?
In the APAC region, particularly in the Indian market, the cost of Peanut Oil experienced a notable surge as the third quarter of the year began, maintaining an upward trajectory until August. However, in September 2023, prices plummeted significantly.
How did the South American peanut oil market perform in Q4 2023?
In the last quarter of 2023 (Q4), the South American peanut oil market experienced a negative trend. Various factors influenced the market, affecting price dynamics. Throughout Q4 2023, there was an oversupply of edible oils in the market, resulting in an excess of peanut oil.
