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Peanuts: arrivals put pressure on prices

February 13, 2023 at 2:44 PM , Der AUDITOR
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NEW DELHI. More and more peanut arrivals, especially from the southern Indian states, are reaching the markets, putting pressure on prices. The situation on the peanut oil market remains tense.

Ramadan buying supports prices

Indian peanuts prices have risen by almost 8% in the past two months, but are unchanged from last week at USD 1,390/mt FOB India for non-EU quality peanuts, bold, 40-50. Domestic demand still leaves much to be desired, but buying interest from overseas is able to support prices. The Gulf States in particular are stocking up in preparation for Ramadan, and there have also been major purchases from Vietnam. The situation on the peanut oil market, however, remains difficult, as Chinese importers are not willing to pay the USD 2,040-2,050/

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