Nuts

Peanuts: various factors dampen trade

February 5, 2024 at 12:06 PM , Der AUDITOR
Play report as audio

NEW DELHI/BUENOS AIRES. The peanut trade is currently rather quiet in India, but also in other important producing countries such as Argentina and China, for various reasons. These include the crisis in the Red Sea, exchange rates and the upcoming Chinese New Year.

Peanut oil purchases save the day

Trading in the Indian peanut market remains subdued and market players expect this to continue for another three to four weeks. Nevertheless, prices are showing a slight upward trend of USD 10/mt compared to last week, which is due to the fact that larger orders for peanut oil have been received for February and March. The price for this has climbed from USD 1,700/mt to USD 1,750/mt, dragging peanut prices with it. However, the price increases are being curbed by the massive influx of new goods from the growing states of Karnataka,

Categories:

View related articles

Go to the News Overview
Oilseeds
Jun 25, 2024
CHRUDIM. Favourable weather conditions and large acreages should enable a significantly larger blue poppy seed crop in the Czech Republic than last year. The winter crop will also be available on the market in a few weeks.
Oilseeds
Jun 25, 2024
DALIAN. The extremely high freight rates are making life difficult for Chinese suppliers, especially when it comes to concluding long-term contracts. Demand for shine skins is unusually high for this time of year.
Nuts
Jun 25, 2024
REUS/SACRAMENTO. Supplies will not be an issue for almonds in 2024/2025. The estimates presented at the International Nut and Dried Fruit Council (INC) Congress in May are upbeat. Things also look much better than anticipated in Spain.
Nuts
Jun 24, 2024
NEW DELHI/BUENOS AIRES. Upward trending edible oil markets and increased demand from the Middle East are keeping Indian peanut prices from declining too much. The situation in America is mixed.