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
Feb 6, 2026
BRUSSELS. Competition is currently fierce for wheat. In the US, the biofuel tax credit is boosting corn. Soybeans have witnessed a rather unsustainable price jump. Canda may have to step up canola exports to Europe.
Oilseeds
Feb 5, 2026
NEW DELHI/ADDIS ABABA. In order to meet demand, the Indian sesame seed market will once again be dependent on increased imports in the coming months. Government regulations are hampering the sesame sees trade in Burkina Faso.
Nuts
Feb 5, 2026
ORDU. After weeks of speculation Ferrero has announced new bids for hazelnut kernels. Question is how the market will respond. Prices have taken a sharp turn. Exporters find themselves in a challenging economic situation.
Oilseeds
Feb 4, 2026
BUDAPEST. Hungary's grains and oilseeds market has had a quiet start to the year. Factors such as increasing sales pressure and good field conditions for the approaching sowing season could soon bring movement back to the market.