Free of charge

Peanuts: golden opportunity

December 19, 2022 at 10:53 AM , Der AUDITOR
Play report as audio

NEW DELHI. Farmers and suppliers in India are waiting for the opportunity to turn their peanuts into gold. Negotiations are tense.

Deceptive situation

The peanut market may seem sluggish at present, but the backdrop presents an entirely different picture as tables are set to turn. While farmers are holding back, suppliers are eager to stock up. Issue is that demand is expected to surge after Chinese New Year, which will be celebrated on 22 January 2023, thereby presenting a golden opportunity for huge profits.

This notion is supported by the fact that adverse weather conditions wreaked havoc on China’s crop with output expected to tumble by 30%. A Chinese speaker even anticipated a 40% decline in production at the Indian Oilseed and Produce Export Promotion Council (IOPEPC) Conference in Dubai. Forecasts also predict that yields will range 30% lower in Argentina, where sowing takes place in November and harvesting in March. Trouble here are extremely dry weather conditions.

Prices to rise sharply

While prices declined sharply on 6 December, they have since remained fixed. Analysts are, however, confident that prices will start to surge at the end of January.

Peanuts, with skin

Type

USD/mt

Bold, 40-50

1,280

Bold, 50-60

1,245

Bold, 60-70

1,230

Java, 50-60

1,355

Java, 60-70

1,285

Java, 70-80

1,275

FOB India, non-EU quality

 

View more
price chart, peanuts, with skin, 40/50, Bold, India
price chart peanuts, with skin, 50/60, Java, India
price charts for nuts, dried fruit, oilseeds and many more products

Categories:

View related articles

Go to the News Overview
Grains
Sep 12, 2025
BRUSSELS. EU wheat stands no chance internationally. Farmers have started sowing corn in Argentina. China resists buying US soybeans. Chaos over export duties have effectively stopped Ukraine’s rapeseed shipments.
Nuts
Sep 12, 2025
ORDU. Shock prevails in Turkey as buyers need to absorb a the current market situation for hazelnuts. Exporters are running a high risk in selling. September is showing signs of a very weak start to the new export season. The Central Bank has cut the key interest rate.
Oilseeds
Sep 11, 2025
ASTANA/OTTAWA. According to market players, border closures due to Russian military exercises could lead to delayed shipment. In Canada, the flaxseed harvest is finally picking up speed.
Oilseeds
Sep 11, 2025
NEW DELHI/ISLAMABAD. Pakistan secured a large portion of the current sesame seed tender. Severe flooding caused Pakistani growers to start harvesting early.