Peanut oil, also known by other names such as groundnut oil and arachis oil, is a type of vegetable oil commonly used in cooking that is derived from peanuts. It comes in a number of varieties, including refined, unrefined, roasted, and cold-pressed, which have slight differences in their nutritional value and health benefits. Peanut oil is most commonly used in Asian cultures, including that of China and Southeast Asian nations like Vietnam, Laos, and Cambodia. The health benefits of peanut oil include skin care, lower cholesterol levels, improved heart health, and nervous system.
Last year, India had exported about 10,000 tonnes of groundnut oil in consumer packages. According to the Solvent Extractors Association of India (SEA), the country produces about 300,000-350,000 tonnes every year, and has potential to export about 40,000-50,000 tonnes in bulk. China is the biggest market for Indian groundnut oil. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
· Akola Oil Inds. Ltd.
· Chakan Vegoils Ltd.
· Growmore Solvent Ltd.
· Modern Proteins Ltd.
· Raghunath Cotton & Oil Products Ltd.
· V V V & Sons Edible Oils Ltd.