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
Grains
Oct 2, 2026
BRUSSELS. Wheat exports are progressing slowly in the Black Sea region. Corn stocks are not only high in the US. Any hopes of China buying more soybeans in the US have been slashed for now. Competition is fierce for rapeseed.
Oilseeds
Oct 1, 2026
ABUJA/NEW DELHI. In Nigeria, the new crop is arriving on the commercial markets. In India, the Kharif sowing season is virtually complete. China’s sesame seed imports are roughly at the same level as last year.
Oilseeds
Oct 1, 2026
DALIAN. In China, the production forecast for soybeans is not quite as relevant as other factors. Expectation is that trends will diverge in the new season.
Nuts
Oct 1, 2026
ORDU. Quality issues are giving rise to supply speculations for hazelnuts. Exporters are not too happy with the current demand situation. Market prices are still not living up to expectations.