Slowdown in exports in India
Prices have continued to climb by USD 20/mt in India. Yet, the situation may turn very quickly as arrivals from Uttar Pradesh have risen. Furtunately, the heavy monsoon rains have not impacted quality to quite the same extent as initially anticipated. Yet, exports have slowed with buyers complaining about the quality of peanuts shipped from India a few weeks ago. The oil mills are also buying less as they are speculating on lower prices.
This year's summer crop will, however, be small. Silver lining is that monsoon conditions hav