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Updated 20:05 IST 21 Dec 2014

The Western Grains Research Foundation (WGRF) will receive $5,231,011 from CN for exceeding its revenue entitlement. The news release on the ruling is available from the Canadian Transportation Agency website at www.cta-otc.gc.ca.

The crude steel capacity utilisation ratio for the 65 countries in November 2014 was 73.5%. It is..

Central Board of Direct Taxes (CBDT) signed a bilateral Advance Pricing Agreement (APA) with a Ja..

As per traders, the imports during the first half of December have touched only 15 tonnes on cons..

  • India Advisory
  • Outlook
  • Pivot points
  • Commodity
  • Price
  • Advise
  • TGT1
  • TGT2
  • Agency
  • Commodity
  • Price
  • Advise
  • TGT1
  • TGT2
  • Agency
  • Commodity
  • Contract
  • S1
  • R1
  • Range
  • Trends
  • Feb 2015
  • 26899
  • 27019
  • -
  • Bearish
  • Mar 2015
  • 36614
  • 36870
  • -
  • Bearish
  • Feb 2015
  • 404.5
  • 409
  • -
  • Bearish
  • Dec 2014
  • 117.7
  • 119.5
  • 120-117.8
  • Sideways
  • Dec 2014
  • 135.4
  • 137.7
  • -
  • Bullish
  • Commodity
  • Contract
  • S1
  • Trend
  • Pivot Point
  • Jan
  • 11730
  • Sideways to Bullish
  • 11895
  • Jan
  • 913
  • Sideways to Bullish
  • 925
  • Jan
  • 3274
  • Sideways to Bullish
  • 3291
No Records Found
  • Expiry Date
  • LTP
  • NetChange
  • Chg%
Know Groundnut Oil

A native of South America groundnut or peanut is one of the important oilseed in the world. Known for its ability to survive in less favorable agro-climatic conditions, peanuts have above 40% oil content. Used as edible oil in many parts of world it is also oil cake derived after extracting oil is also used as cattle feed.

Groundnut is the major oilseed crop in India accounting for 45% of oilseed area and 55% of oilseed production in the country. Groundnut (Arachis hypogaea L.) is believed to be the native of Brazil to Peru, Argentina and Ghana, from where it was introduced into Jamaica, Cuba and other West Indies islands. It was introduced into India during the first half of the sixteenth century from one of the Pacific islands of China, where it was introduced earlier from either Central America or South America. Now India along with china accounts for half of the world's groundnut production.

Global Situation

Global out of groundnut and groundnut oil is estimated at – million tons. Argentina, U.S and China are the leading suppliers of edible peanut in the world. India, Sudan, Nigeria, Senegal and Myanmar are also important producers of groundnut.

Indian Situation

India is rated as the third largest producer of groundnut in the world with annual production of over 5-6 million tons. Gujarat, Andhra Prrdesh, Tamil Nadu and Karnataka are the leading producers in the country and accounts for nearly 75% of the total output. Groundnut contributes to nearly 25% of total oil seed production in the country. Nearly 75% output occurs in June-September and the rest during November-March known as khariff and rabi seasons respectively.

Market Situation

Climatic conditions, especially South-West monsoon plays significant role in shaping the fortunes of groundnut in the country. Price of competing oilseeds like soybeen, palm oil, sunflower, mustard etc. influences price of groundnut and oil.