Peanuts: new challenges

February 20, 2023 at 11:18 AM , Der AUDITOR
Play report as audio

NEW DELHI. While suppliers in India have been bickering with importers in China over the prices for peanut oil for weeks, some movement is now being perceived. A new problem has, however, confronted oil producers.

Problem is

Several factors have, in fact, stimulated trading. China most importantly signed contracts for more than 250 containers of peanut oil with rates varying at USD 2,030-2,040/mt last week. Interest has surged in the country after the lunar new year not only for oil but also for peanuts. Although this is exactly what suppliers in India had hoped for, trouble now is that oil is in short supply, particularly for free fatty acid oil (2%). Challenge for oil producing facilities is that if they buy peanuts at the present rates, selling oil at attractive prices will become difficult in future transactions.

Prices set to rise

Although domestic demand is still very much subdued at the consumer end, producer demand for high quality seeds has peaked, which is supporting the market. Vietnam, in addition, bought large volumes of bold 50/60 peanuts in India in January and some local suppliers have raised their prices to USD 1,420-1,430/mt. Export prices may have remained firm in recent weeks but are presently expected to rise by 4-5% in the next two weeks if demand from China continues at the present rate.

Peanuts, with skin



Bold, 40-50


Bold, 50-60


Bold, 60-70


Java, 50-60


Java, 60-70


Java, 70-80


FOB India, non-EU quality


View more
price chart, peanuts, with skin, 40/50, Bold, India
price chart peanuts, with skin, 50/60, Java, India
price charts for nuts, dried fruit, oilseeds and many more products


View related articles

Go to the News Overview
Dec 7, 2023
NEW DELHI. In India, the winter season is off to a slow start and the sesame seed market is unusually quiet. In addition to the country’s own crop, a further 30,000 mt of sesame seeds are to be imported by the end of the season in March 2024.
Dec 7, 2023
SOFIA/DALIAN. Since 1 December, Ukrainian agricultural products such as sunflower seeds can once again be exported to Bulgaria. The two countries have agreed on a licensing procedure.
Dec 6, 2023
ORDU. Stink bugs and low productivity spell bad news for Turkey’s hazelnut industry. Suppliers also highlight that much is at stake for exports.
Dec 5, 2023
DALIAN. Demand on the pumpkin seed market remains weak, but suppliers are hoping that the Chinese New Year in February will breathe life into the market. Meanwhile, growers have disposed of a large proportion of their stocks.