Free of charge

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

Type

USD/mt

Bold, 40-50

1,390

Bold, 50-60

1,350

Bold, 60-70

1,335

Java, 50-60

1,485

Java, 60-70

1,400

Java, 70-80

1,405

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

Categories:

View related articles

Go to the News Overview
Nuts
Aug 19, 2026
MANILA. The coconut market remains under pressure: whilst export quotations for desiccated coconuts are stable, prices for coconut oil and Philippine copra continue to fall. At the same time, the increasing likelihood of a strong El Niño is raising the risk to coconut supplies in 2027.
Nuts
Aug 19, 2026
BEIJING/CAPE TOWN. The INC is forecasting a significantly larger macadamia crop this year. China is the leading producer and also a major importer, while South Africa and Australia are also expecting higher yields.
Nuts
Aug 19, 2026
FOLSOM/REUS. US in-shell walnuts are in high demand, especially in the Middle East/Africa. US kernel exports have risen to a much smaller degree. Global production will range a bit higher in 2026/2027.
Nuts
Aug 19, 2026
SUCRE/REUS. According to INC estimates, the Brazil nut crop for the 2026/27 season is likely to be significantly better than last year’s. The market, however, remains extremely price-sensitive.