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Peanuts: US exporters to fill the gap

May 27, 2024 at 4:40 PM , Der AUDITOR
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NEW DELHI/ATLANTA. As crop declines are anticipated in Brazil US exporters are reckoning with improved demand for their peanuts. Hot weather is causing problems in India.

 Quality is an issue

Peanut prices are still sliding in India and will continue to do so in the foreseeable future. Cultivators are only selling haphazardly and as the mercury is rising the quality is being impacted. Traders state that at least 10-20% of arrivals are of weaker grades and the susceptibility to fungal diseases is high. Record oil imports have also been registered in May. Nearly 825,000 mt of edible oils will be entering the domestic market this month, of which soybean oil will comprise around 375,000 mt, sunflower oil around 235,000 and palm oil

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