Nuts

Peanuts: crop might be smaller

November 27, 2023 at 12:59 PM , Der AUDITOR
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NEW DELHI. According to current forecasts, the Kharif crop in India could be smaller than hoped for. Prices on the peanut market, however, have stabilised after the Diwali festival.

Farmers hold back goods

Indian peanut prices have fallen by around 7% in recent weeks, but have now stabilised after the Diwali festival and prices for the new winter crop from Gujarat have even increased; prices here are now 10% above the minimum support price, which is mainly due to increased domestic demand and makes farmers extremely optimistic. Many growers are currently holding back their goods, meaning that arrivals in the major trading centres are declining. The marriage season is approaching in India and companies have already started buying peanut oil; the

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