Global price of Groundnuts
PGNUTSUSDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,509.96
Year-over-Year Change
1.43%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global price of Groundnuts tracks the monthly price of this agricultural commodity on international markets. This metric is important for monitoring food prices and supply chain dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Global price of Groundnuts represents the average price per metric ton of raw, unshelled groundnuts (also known as peanuts) traded globally. It is a key indicator for the agricultural sector and food prices.
Methodology
The data is compiled by the World Bank from various commodity exchange and government sources.
Historical Context
Groundnut prices influence production, trade, and consumption decisions for a globally important food crop.
Key Facts
- Groundnuts are a major source of vegetable oil and protein worldwide.
- India and China are the world's largest groundnut producers.
- Groundnut prices impact the incomes of millions of smallholder farmers.
FAQs
Q: What does this economic trend measure?
A: The Global price of Groundnuts tracks the monthly average price per metric ton of raw, unshelled groundnuts traded on international markets.
Q: Why is this trend relevant for users or analysts?
A: Groundnut prices are a key indicator for the agricultural sector, food supply, and global trade patterns.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank from various commodity exchange and government sources.
Q: How is this trend used in economic policy?
A: Groundnut price data informs production, trade, and consumption decisions for this globally important food and oilseed crop.
Q: Are there update delays or limitations?
A: The groundnut price data may have lags of several months due to the time required for compilation from global sources.
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Citation
U.S. Federal Reserve, Global price of Groundnuts (PGNUTSUSDM), retrieved from FRED.