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Peanuts is the major oilseed of India. It accounts for around 25% of the total oilseed production of the country. Annual production of Indian Peanuts and Indian Peanuts oil are around 5-8mln and 1.5 mln tons respectively. Peanuts Production is highly vulnerable to rainfall deviations and display huge fluctuation between years.
Peanut is one of the major oilseed of India grown mainly in Western and southern part of the country. Its production depends heavily on weather conditions and prices of other competing crops. Peanut is also referred as Groundnut. India is the one of the largest producer and exporter of peanut besides China, Argentina, U.S., Vietnam. Peanut is mainly sown during May-June and the meal is normally available for export by mid-November. The seeds are crushed to obtain oil and oilcake which is further solvent extracted to obtain its meal.
Peanut oil is often used in cooking, because it has a mild flavor and its relatively high cooking temperature. Its high monounsaturated content makes it heart-healthy and resistant to rancidity. There are several types of peanut oil including: aromatic roasted peanut oil, refined peanut oil, extra virgin or cold pressed peanut oil and peanut extract. Studies have shown that refined peanut oil is safe for peanut allergic individuals because the protein is destroyed during the processing. In fact, refined peanut oil is exempt from allergen labeling laws.
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. Peanuts or Groundnut kernels are approx. 70% of weight in shells and kernels have an oil recovery of 40-42%.
Although India and China are the world's largest producers of peanuts, they account for a small part of international trade because most of their production is consumed domestically as peanut oil. Exports of peanuts from India and China are equivalent to less than 4% of world trade. The major producers/exporters of peanuts are the United States, Argentina, Sudan, Senegal, and Brazil. These five countries account for 71% of total world exports. In recent years,[vague] the United States has been the leading exporter of peanuts.
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