Post by Trade facilitator on Jan 20, 2019 15:35:28 GMT 1
The Thy Global Export seeks to highlight the investment opportunities in the trading and export of groundnut.
Our business offers the latest and the most reliable information indispensable for businesses to thrive and hold a strong competitive edge at all times.
Description
Groundnuts (Arachis hypogaea), are legume, root crop. They are cultivated in many tropical and sub-tropical parts of the world.
Groundnuts are consumed as snacks, processed as food ingredients and crushed for oil. In the food manufacturing sector, groundnuts are used as ingredients in peanut butter, chocolate and other food and snack preparations.
Nigeria currently produces about two million metric tonnes of groundnut.
Groundnut is the 13th most important food crop of the world. Groundnut
seeds contain high quality edible oil, easily digestible protein and carbohydrate.
It is the world’s 4th most important source of edible oil and 3rd most
important source of vegetable protein.
Commercial Value of groundnut
Groundnut is second only to soyabean in economic importance among the food legumes. Groundnut is a food crop that plays a central role in food security and poverty reduction.
Some commercial products of groundnut are; groundnut milk, nut ice-cream and massage oil for infantile paralysis. Hulls are used as filler for fertilizers, or ground into meal for insulation blocks, floor sweeping compounds, bedding the stables, etc. Groundout oil also finds some use as a lubricant, and blends with mineral oil have been developed.
The economic value through the crop processing to oil, food products and animal feedstock is a large contributing factor to the development of the economy.
Export Market
Its numerous uses, taste, protein content and texture makes groundnut appealing to consumers.
In recent times, groundnuts have been in great demand globally, the produce is used in other new applications, and this opens an opportunity for interested investors to export the product.
The return on investment on the export of ground nuts is massive and estimated between 15%- 30%.
In Europe, groundnuts are consumed as snacks, crushed for oil and processed by the food industry.
The Netherlands, Germany and the United Kingdom offer large opportunities for developing country exporters of groundnuts. Good market opportunities can also be found in the growing markets of Central and eastern Europe.
