Ranking Peanut Production Despite the increase in its total global production, since the 1970s, peanutsâ€™ share in the total production of vegetable oil and meal has decreased following the emergence of soybeans. In addition, an increasing share of the total production of peanuts has been devoted to food purposes. Asia, and especially the Peopleâ€™s Republic of China, have significantly increased their share, while Africaâ€™s share has decreased, affected by the decline of the peanut oil and meal markets. On the other hand, The European Union and Asia have remained as the major world importers of peanuts. In addition, while concentration of the export market seems to have increased, import markets appear more fragmented. In this connection, 1-which of the following countries ranks the highest in peanut oil production in the world? 1- China, 2- India, 3- Myanmar and 4- Nigeria. ANSWER In 2015, China ranked the highest in the world in peanut oil production at 2,721,000 MT. Nigeria ranked number four in the world with 263, 000 MT.
Posted: May 3rd, 2016 @ 03:07:48 AM