HS Code:
Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of peanut (ground-nut) oil, fall under HS Code 230500. This category includes by-products from the peanut oil extraction process, primarily used as animal feed due to their high protein content. These residues are a critical component in the agricultural and livestock industries, providing a cost-effective feed option. Global trade in this category is influenced by peanut production levels, demand for animal feed, and regional agricultural policies.
Total Trade Volume
Approximately 1.2 million metric tons
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
450,000 metric tons
37.5% of total trade of total trade
Increasing
300,000 metric tons
25.0% of total trade of total trade
Stable
150,000 metric tons
12.5% of total trade of total trade
Decreasing
100,000 metric tons
8.3% of total trade of total trade
Stable
80,000 metric tons
6.7% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
15% (applied by certain developing countries to protect local feed industries)
Lowest Rate
0% (under free trade agreements such as EU-India FTA for specific quotas)
Rising demand for sustainable animal feed
Increased trade volume as countries seek affordable and eco-friendly feed options like peanut oilcake, reducing reliance on soy-based products.
2021-2022
Fluctuations in peanut production due to climate change
Unpredictable supply levels affecting export availability, particularly in major producers like India and Argentina.
2020-2022
Shift towards organic feed products
Growing niche market for organic peanut oilcake, with higher price premiums in developed markets like the EU and North America.
2022
The Indian government introduced subsidies under the Agricultural Export Policy to boost peanut oilcake exports, targeting Southeast Asian markets.
March 2023
Expected to increase India's market share by 5-7% in the next two years, potentially affecting competitors like Argentina.
The European Union implemented stricter aflatoxin limits for imported peanut oilcake to ensure feed safety, impacting exporters from regions with less stringent controls.
January 2023
Exporters from India and Africa may face higher compliance costs, potentially reducing trade volumes to the EU by 10-15% in the short term.
Argentina announced investments in modern peanut oil extraction facilities to improve the quality and volume of oilcake production for export markets.
September 2022
Likely to solidify Argentina's position as a top exporter, with a projected increase in trade volume by 8% over the next three years.