Groundnut, also known as peanut or Arachis hypogaea, is a legume crop that is widely grown for its edible seeds. It is an annual herbaceous plant that belongs to the family Fabaceae, which is native to South America, but now it is grown in many parts of the world, including Africa, Asia, and North America. The groundnut plant produces yellow flowers that develop into underground pods that contain seeds, which are known as peanuts. These seeds are a good source of protein, healthy fats, vitamins, and minerals, and they are consumed in various forms, such as roasted, boiled, or crushed into peanut butter. Groundnuts are also used in the food industry to make snacks, sweets, and cooking oil. In addition to their culinary uses, groundnuts also have various medicinal properties and are used in traditional medicine to treat various ailments.

GLOBAL MARKET DEMAND

Groundnuts are a popular crop in the global market, with a high demand for their edible seeds, oil, and by-products. According to the Food and Agriculture Organization (FAO), the global production of groundnuts in 2020 was around 49 million tonnes, with India being the largest producer, followed by China, Nigeria, and the United States.

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