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Base Year
Historical Period
Forecast Period
Peanut oil prices in Germany, the highest-cost reporting region, rose 6.1% in H1 2026, climbing from USD 2.30/KG in Q1 to USD 2.44/KG by Q2 as inter-season groundnut supply tightening and firmer food service and oleochemical procurement supported the market following the brief Q4 2025 new crop softening. Globally, the average rose from USD 1.566/KG in Q1 to USD 1.660/KG in Q2, a 6.0% gain. For H2 2026, a global average of USD 1.68-1.86/KG is expected, with continued firming on Middle East freight disruptions and growing food, confectionery, and personal care sector demand.
Peanut oil, also known as groundnut oil or arachis oil, is produced through cold pressing or solvent extraction of groundnuts cultivated primarily in China, India, Nigeria, Sudan, and the United States. China and India together account for the majority of global groundnut production, with Shandong, Henan, and Hebei provinces in China and Andhra Pradesh, Gujarat, and Rajasthan in India forming the primary growing regions. The largest pull comes from food applications, where peanut oil’s high smoke point, mild flavour, and oleic acid-rich composition make it a preferred cooking medium for high-temperature frying in food service and restaurant operations. Additional demand comes from confectionery and peanut butter manufacturing as a flavour carrier and texture enhancer, personal care and cosmetic formulations exploiting the oil’s emollient and skin-conditioning properties, pharmaceutical excipient applications in injectable formulation vehicles, and industrial lubricant and hydraulic fluid use. Groundnut crop yields, competing edible oil benchmark pricing, food service sector activity, and import duty structures in key consuming markets all feed into the price.
The balance of supply and demand for peanut oil through H2 2026 leans moderately firm. Chinese and Indian groundnut production acreage signals point to moderate supply with inter-season processing tightness maintaining floor support. Food service, confectionery, and personal care sector demand is growing with expanding middle-class consumption patterns across South and Southeast Asian markets.
The main upside risk is a sharp groundnut crop shortfall from drought in the major producing regions alongside accelerating food service demand. The main downside risk is competitive pricing from abundant palm, soybean, and sunflower oil supply that limits peanut oil price recovery in cost-sensitive food service markets.
| Region | 2026 Price Range (USD/KG) | Outlook |
| Global Average | 1.68 - 1.86 | Groundnut supply tightness and food demand support |
| United States | 1.80 - 1.98 | Steady food service and confectionery demand holds firm |
| China | 1.32 - 1.50 | Large domestic production keeps it the most affordable |
| Germany | 2.42 - 2.60 | Higher import logistics keep it the most expensive |
| India | 1.80 - 1.98 | Growing food and personal care demand holds a firm middle |
US peanut oil prices averaged USD 1.98/KG in Q2 2026, up 5.9% from USD 1.87/KG in Q1 2026. Inter-season groundnut supply tightening and firmer import costs elevated procurement economics. Food service and confectionery sector procurement maintained consistent buying through the quarter.
Why did the price of Peanut Oil change in Q2 2026 in the United States?
Inter-season groundnut supply tightening elevated the production cost floor at domestic oil mills. Food service frying oil and confectionery flavour carrier procurement lifted buying. Personal care and pharmaceutical excipient sector demand provided additional consistent buying support.
Chinese peanut oil prices averaged USD 1.36/KG in Q2 2026, up 6.3% from USD 1.28/KG in Q1 2026, the lowest among the tracked markets. Spring food service and confectionery procurement lifted buying. Inter-season groundnut supply tightening raised the production floor despite large domestic groundnut production capacity.
Why did the price of Peanut Oil change in Q2 2026 in China?
Spring food service and confectionery sector procurement lifted buying from domestic oil mills. Inter-season groundnut supply tightening raised the crushing cost floor at domestic facilities. Large domestic groundnut production capacity kept China the most affordable source.
German peanut oil prices averaged USD 2.44/KG in Q2 2026, up 6.1% from USD 2.30/KG in Q1 2026, the highest among the tracked markets. Higher import logistics from China and India and European energy costs elevated the delivered price. Specialty food, confectionery, and personal care demand maintained consistent buying.
Why did the price of Peanut Oil change in Q2 2026 in Germany?
Higher import logistics from China and India and European energy costs elevated the delivered peanut oil cost. Inter-season groundnut supply tightening added source premium pressure. Specialty food service, confectionery, and personal care procurement maintained consistent buying near USD 2.44/KG.
Indian peanut oil prices averaged USD 1.82/KG in Q2 2026, up 5.8% from USD 1.72/KG in Q1 2026. Inter-season groundnut supply tightening following the main kharif crop processing period elevated mill procurement costs. Food and personal care demand maintained consistent buying.
Why did the price of Peanut Oil change in Q2 2026 in India?
Inter-season groundnut supply tightening following the main kharif crop processing elevated domestic oil mill procurement costs. Consistent food service and traditional cooking oil demand maintained buying. Personal care and pharmaceutical excipient export demand provided additional support near USD 1.82/KG.
US peanut oil prices averaged USD 1.87/KG in Q1 2026, recovering from the Q4 2025 new crop softening. Recovering food service and confectionery demand and firming import costs held the market near USD 1.87/KG.
Why did the price of Peanut Oil change in Q1 2026 in the United States?
Recovering food service and confectionery procurement maintained buying. Firming Chinese and Indian groundnut supply signals raised the import cost floor. The market recovered to USD 1.87/KG from the Q4 2025 new crop softening.
Chinese prices averaged USD 1.28/KG in Q1 2026, recovering from Q4 2025. Post-Lunar New Year food restocking and firming groundnut supply signals held the market near USD 1.28/KG.
Why did the price of Peanut Oil change in Q1 2026 in China?
Post-Lunar New Year food service restocking lifted buying. Firming inter-season groundnut supply signals raised the crushing cost floor. The market recovered to USD 1.28/KG from the Q4 2025 new crop pressure period.
German prices averaged USD 2.30/KG in Q1 2026, recovering from Q4 2025. Specialty food and personal care demand and firming import logistics held the market near USD 2.30/KG.
Why did the price of Peanut Oil change in Q1 2026 in Germany?
Specialty food and personal care procurement maintained buying. Firmer Asian groundnut supply and import logistics costs raised the delivered cost floor. The market recovered to USD 2.30/KG from the Q4 2025 new crop softening.
Indian prices averaged USD 1.72/KG in Q1 2026, recovering from Q4 2025. Food service and personal care demand and inter-season groundnut supply signals held the market near USD 1.72/KG.
Why did the price of Peanut Oil change in Q1 2026 in India?
Food service and personal care demand maintained buying. Post-harvest inter-season groundnut supply tightening raised the crushing cost floor. The market recovered to USD 1.72/KG from the Q4 2025 new crop pressure period.
Global peanut oil prices rose in Q3 2025 on pre-harvest supply tightness, dipped in Q4 2025 on fresh crop availability, then recovered through Q1 and Q2 2026. The average rose from USD 1.520/KG in Q2 2025 to USD 1.550/KG in Q3, eased to USD 1.535/KG in Q4, then firmed to USD 1.566/KG in Q1 2026 and USD 1.660/KG in Q2 2026, a net gain of about 9.2% over the window. Groundnut crop cycles, food service season demand, and competing edible oil benchmark pricing drove the pattern.
| Quarter | Price (USD/KG) | QoQ Change | Direction |
| Q2 2026 | 1.660 | +6.0% | ↑ Rising |
| Q1 2026 | 1.566 | +2.0% | ↑ Rising |
| Q4 2025 | 1.535 | -1.0% | ↓ Falling |
| Q3 2025 | 1.550 | +2.0% | ↑ Rising |
| Q2 2025 | 1.520 | - | - Stable |
| Q3 2026 | In Progress | - | - In Progress |
Peanut oil prices followed a modestly firming trend through 2025 with a brief Q4 new crop softening. The global average opened at USD 1.508/KG in Q1 2025 and closed near USD 1.535/KG in Q4, a full-year gain of about 1.8%. Consistent food service and confectionery demand and groundnut crop cycles drove the quarterly pattern.
US prices firmed from about USD 1.75/KG in Q1 2025 to USD 1.82/KG by Q4, a gain of 4.0%. Consistent food service and confectionery demand and firming groundnut supply signals maintained the upward trend through the year.
Chinese prices fell from roughly USD 1.28/KG in Q1 2025 to USD 1.25/KG by Q4, a decline of 2.3%. Large domestic groundnut production and competitive crushing economics maintained the lowest price level throughout.
German prices firmed from about USD 2.18/KG in Q1 2025 to USD 2.25/KG by Q4, a gain of 3.2%. Consistent specialty food, confectionery, and personal care demand and firming import logistics costs supported the market throughout.
Indian prices firmed from roughly USD 1.62/KG in Q1 2025 to USD 1.68/KG by Q4, a gain of 3.7%. Growing food service and personal care demand drove the consistent firming through the year.
Expert Market Research: Your Source for Real-Time Peanut Oil Price Intelligence
Expert Market Research tracks peanut oil prices continuously across every major producing and consuming region. The team traces causation through Chinese and Indian groundnut crop cycle economics, food service and confectionery sector demand trends, and competing edible oil benchmark dynamics. Contact Expert Market Research today for peanut oil pricing data, bespoke market analysis, and strategic procurement advisory.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Food service and restaurant frying oil applications exploiting the high smoke point and mild flavour take the largest share. Confectionery and peanut butter manufacturing, personal care and cosmetic emollient formulations, pharmaceutical injectable excipient vehicles, and industrial lubricant use also consume significant volumes globally.
The Q2 2026 average was USD 1.98/KG in the United States, USD 1.36/KG in China, USD 2.44/KG in Germany, and USD 1.82/KG in India. Germany remains the highest-priced market.
The global average rose from USD 1.566/KG in Q1 to about USD 1.660/KG in Q2, a gain of around 6.0%. Inter-season groundnut supply tightening and recovering food service demand drove the H1 2026 firming.
Fresh Chinese and Indian kharif groundnut harvest availability increased domestic oil mill processing supply. Competitive palm and soybean oil pricing maintained alternative sourcing pressure before the H1 2026 inter-season tightening.
The global average is expected in the USD 1.68 to 1.86/KG range for H2 2026, with continued firming as inter-season groundnut supply tightens and food service and confectionery sector demand grows.
Germany sits highest on import logistics and European energy costs, the United States and India hold a firm middle on food service and confectionery demand, and China prices lowest on large domestic groundnut production capacity.
This report is updated monthly. For real-time pricing intelligence, contact the Expert Market Research team directly.
Prices respond mainly to Chinese and Indian groundnut crop yields, food service season demand cycles, competing edible oil benchmark pricing, and import duty structures. Regional crop acreage reports and groundnut harvest outcomes are key signals.
Asia Pacific leads with China holding the largest groundnut production and peanut oil crushing capacity, followed by India. Any Chinese or Indian crop shortfall ripples across global peanut oil markets within one quarter.
Buyers can use quarterly trends and forecasts to time food service and confectionery contracts around groundnut crop cycles, build cover when inter-season supply signals tightening, and monitor Chinese and Indian groundnut harvest reports as primary supply signals.
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