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Peanuts: China’s offers are too low

December 12, 2022 at 2:45 PM , Der AUDITOR
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NEW DELHI. China is the most important buyer for Indian peanuts and peanut oil, but in the eyes of Indian exporters, the offers from Chinese buyers are too low, so that the big business deals have not yet been concluded. The arrival of the new crop, however, is likely to play into buyers' hands.

Payment delays due to Covid restrictions

Price declines in the Indian peanut market continue, with prices down USD 15/mt from last week. After a large quantity of peanut oil was shipped to China in early November, buying interest has since left much to be desired. As several major cities and in some cases entire regions were closed in China in recent weeks following Covid outbreaks, the resulting liquidity shortage led to payment delays in some cases, restricting Indian exporters in their trade. Market players are now reporting an improvement in the situation after

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