Traders in trouble
Growers have completed harvesting Java peanuts, which are mainly grown in Gujarat. Wide price gaps persist depending on supplier and expectation is that they will decline. Issue is that the government has decided to suspend the import duties for soy and sunflower seed oil, which will ultimately put the peanut industry at a disadvantage. As sesame seed supplies are more limited this season the oil mills have turned out more peanut oil, for which demand and prices are high.
Java peanut prices are also unattractively high in India and Indonesia