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Peanut plant is a low growing, annual plant belonging to the family of Fabaceae (Leguminosae) of the genus: Arachis, and botanically named as Arachis hypogaea. Some of the common names are groundnut, earthnut, goober, pinder, and ground pea. In addition to being pressed for oil, peanut kernels are eaten fresh or roasted and used in cooking and confectionery as well.