Nuts

Peanuts: new crop puts pressure on prices

October 9, 2023 at 4:36 PM , Der AUDITOR
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NEW DELHI/ATLANTA. The winter harvest in India has begun and with large arrivals flooding the markets in the coming weeks, traders expect prices to fall sharply. Meanwhile, the US could increase exports to the EU.

Winter harvest has begun

For the past two months, Indian peanut prices have remained in a relatively firm range, with only nominal price increases of USD 5/mt this week. However, new arrivals on the spot markets are expected to increase significantly in the coming days, which will put strong pressure on prices. The winter harvest has already started in India, but only about 10% of the crop is said to have been harvested so far. Current estimates indicate that crop losses of about 12% are to be expected due to the uneven monsoon rains. Demand is still subdued, but th

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