The forecasted peanut oil production in India shows a slight downward trend from 1.18 million metric tons in 2024 to 1.15 million metric tons by 2028. This trend reflects a modest year-on-year decline, with reductions becoming more pronounced after 2026. In 2023, the actual production stood at 1.18 million metric tons, thus the trend over the next five years indicates a compound annual growth rate (CAGR) of a downward progression.
Future trends to watch for include:
- Changes in domestic demand and consumption patterns.
- Impact of climate change on peanut yields.
- Government policies promoting oilseed cultivation.
- Technological advancements in oil extraction processes.
