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Peanuts: disagreement between growers and buyers

November 28, 2022 at 2:35 PM , Der AUDITOR
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NEW DELHI. Although market prices are already well above the minimum support price, many farmers are holding back their goods in the hope of further increases. This does not necessarily meet with approval from buyers.

Growers withhold goods

Although the stability of the last week and the current slight upward trend make Indian traders somewhat positive, in practice trading activity could be better. Reports from Gujarat indicate that 35% of farmers there are holding back their goods in warehouses as they are not willing to sell at current prices. Although the market price is already 15% above the minimum support price, they expect further significant increases in the next three to four weeks. Domestic demand is currently moderate as many processing and oil producing companies have

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