ground nut, peanut,India MD price supplier

The peanut , or groundnut ( Arachis hypogaea ), is a species in the legume family (Fabaceae) native to South America, Mexico and Central America. It is an annual herbaceous plant growing 30 to 50 cm (1 to 1.5 ft) tall. The leaves are opposite, pinnate with four leaflets (two opposite pairs; no terminal leaflet), each leaflet 1 to 7 cm (a?? to 2¾ in) long and 1 to 3 cm (a?? to 1 inch) broad. The flowers are a typical peaflower in shape, 2 to 4 cm (¾ to 1½ in) across, yellow with reddish veining. After pollination, the fruit develops into a legume 3 to 7 cm (1 to 2 in) long, containing 1 to 4 seeds, which forces its way underground to mature.

Peanuts are known by many local names, including earthnuts , ground nuts , goober peas and monkey nuts ; the last of these is often used to mean the entire pod

Groundnut is the major oilseed of India. It accounts for around 25% of the total oilseed production of the country. Annual production of seed and oil are around 5-8mln and 1.5 mln tons respectively. 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 seed.

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, as crop failed in Senegal and Argentina. groundnut kernels are approx. 70% of weight in shells and kernels have an oil recovery of 40-42%.

China (2-2.5 million tons), India (1.5-2 million tons) is the major producers of groundnut oil, followed by Sub-Saharan African countries and Central and South America.

Global trade of groundnut oil is to the maximum of 100000 tons a year. EU and US are major importers. Senegal and Argentina are the major exporters.

 Factors Influencing Groundnut 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 and palm oil at BMD, Malaysia also influence the groundnut oil prices.
4. Festivals and celebrations also increase consumption and the prices.
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Specifications for Raw Kernels

MD Exports, India