Nuts

Peanuts: Chinese importers are mollified

May 22, 2023 at 2:42 PM , Der AUDITOR
Play report as audio

NEW DELHI. The Chinese peanut oil importers, who have been complaining about the poor quality of Indian shipments, have now reached an agreement with the sellers. The massive price hike for Indian peanuts has nevertheless come to an end for the time being.

Peanut trade gets a damper

After the massive price jump last week, there have now been slight declines again on the Indian peanut market. It is most likely that this is a reaction to the lifting of import duties on soybean and sunflower oil decided by the government. The import duties, which were introduced as part of the Tariff Rate Quota (TRQ) on 1 April, had supported the peanut market; in return, the lifting on 1 June will now dampen trade for an estimated three to four weeks.

Demand for peanut oil remains low in the domestic market, but issues with Chin

Categories:

View related articles

Go to the News Overview
Nuts
May 27, 2024
CANBERRA/REUS. China and Hong Kong purchased a record volume exceeding 90,000 mt of in-shell macadamias in 2023. Strange sales patterns have emerged in South Africa, Australia and Kenya. Drought is an issue in Mexico and Guatemala. Global production estimates are upbeat for 2024.
Nuts
May 24, 2024
MADRID. Exports have picked up for almonds in Spain. Crop estimates for 2024/2025 have emerged. Prices are a troublesome matter.
Nuts
May 23, 2024
MADRID/SACRAMENTO. Urgent calls for permission to treat organic crops with pesticides in areas affected by extreme drought in Spain contradict assertions that quality is more important than quantity for almonds. Pricing is also an issue in California, but for quite different reasons.
Oilseeds
May 23, 2024
NEW DELHI. After India was able to secure a large part of the positions in the last South Korean sesame seed tender, exporters have high hopes again this time. However, this would not support prices in the longer term.