Nuts

Peanuts: facts tell different story

August 22, 2022 11:21 AM, Der AUDITOR
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NEW DELHI. Speculations over the new peanut crop keep changing in India. While concerns were recently being voiced over the Munda disease causing large parts of the crop to rot, things have now totally changed.

Decisive phase

Although kharif sowing ranges a bit lower than last year, the market presently anticipates production to be similar in size. Rainfall was in line with expectations and farmers state that the condition of the crop is better. Although the Munda disease certainly has a devastating impact in some places, it is not having a major impact on yields. Sowing may have declined by 12% in Gujarat, but production should be high as long as heavy rains do not occur. The next 20 days will prove decisive.

Peanut sowing, kharif season, India, in ha

State

2021

2022

Diff

Gujarat

1,893,700

1,672,400

-11.7%

Rajasthan

749,400

783,800

4.6%

Andrah Pradesh

408,200

407,200

-0.3%

Madhya Pradesh

382,000

415,000

8.6%

Karnataka

366,100

265,600

-27.5%

Others

639,500

564,800

-11.7%

Total

4,438,900

4,108,800

-7.5%

Trade sources

Stagnant market

These encouraging production prospects are weighing on demand for the present crop, which is marginally lower. For suppliers it is also becoming increasingly difficult to sell low-quality nuts as the quality of the new crop is expected to be good. On top of this, the market is sluggish due to the festival season and arrivals have slowed. The spot markets in Gondal and Rajkot, however, reopened on 22 August. Prices should remain stagnant in the next two weeks.

Peanuts, with skin

Type

USD/mt

Bold, 40-50

1,335

Bold, 50-60

1,300

Bold, 60-70

1,285

Java, 50-60

1,395

Java, 60-70

1,325

Java, 70-80

1,315

FOB India, non-EU quality

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price chart, peanuts, with skin, 40/50, Bold, India
price chart peanuts, with skin, 50/60, Java, India
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