Being a part of legume or ‘bean’ family, groundnut is commonly grown in rain-fed regions of the country. Peanuts or groundnuts falls under the category of spices and is popularly known by different names including earthnuts, monkey nuts, pig nuts, goober peas and pygmy nuts. Peanut is considered as one of the most edible oilseed produce in the country.
More than 50 countries consume Indian peanuts because of the availability throughout the year. March and October are the best months to cultivate groundnuts. Peanuts are used in snacks, processed foods, dips and is one of the largest source of oil in the country.
Why Global Markets are best for India Peanuts
India is one of the largest exporters of groundnuts to Asian Regions, CIS countries, NE Asia and West Asia. As per the survey, after China, India is considered as one of the major traders of peanuts to the Philippines, Russia, Pakistan, Malaysia, Indonesia and Thailand. India produces nearly 7.2 million tonnes of peanuts every year. We can say around 25% of peanut is being exported by India. In the year 2012-13, India had exported 5.35 lakh tonnes of groundnuts to foreign countries.
The demand for Indian peanuts in the international market has propagated over the last couple of years. Good harvest and a rapid rise in the export and imports of groundnuts have attracted many European countries including Germany, the United Kingdom, Spain, Poland, Italy and the Netherlands. Let’s check out the reasons below why we should aim at the International market for exports of Indian groundnuts:
- Increasing Demand: The production of groundnuts outside the country is moderately limited hence nearly 67% of peanuts are exported from India. Though being a developing country, the Indian climate and soil are somehow favourable for the production of peanuts.
- Huge Demand in Food Industry: Peanut butter, snacks and other preservative foods containing nuts are highly consumed in European Countries. Therefore, Indian groundnuts have massive demand in comparison to the groundnuts produced in other countries.
- APEDA Guidelines: European countries follow austere requirements for peanuts. While in India, APEDA has laid several guidelines and procedure which are easy to follow.
- Best Marketing Policies: Our government has laid several high-end marketing strategies and technologies for Indian exporters. Before launching the product in the International market, it must be categorized in English only. From branding to packaging and grouping to storing, APEDA has been diligently working on matching with the multinational standard.
Authorization Required for Groundnut Export
India peanuts are available throughout the year. Hence, India has got the opportunity to opt for both export import in the country and global market as well. According to a survey report, Indian peanuts have been shipped nearly 711.38 USD millions in the international market. The important certificates or licenses required for worldwide trading are listed below:
- An APEDA license is required for exporting any product. It is a kind of Govt. seal mandatory for approving the standard of the product.
- An exporter requires an Import Export Code for filling an APEDA membership.
- An FSSAI Registration is required to commence any food business.
To know more in detail about International Trade licenses, you can check the procedure online. You can also consult experts and advocates who provide online services. Online services will save you ample time and money.
