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
Nuts
Oct 26, 2026
NEW DELHI/HO CHI MINH. In Tanzania, buyers are competing for supplies. Buyers are also still not too happy with the prices in Vietnam. Festive buying is complete in India.
Grains
Oct 23, 2026
BRUSSELS. Trump’s push for a deal between Ukraine and Russia has driven down wheat. EU corn production will fall to its lowest in 36 years. China is carrying the strong export performance for US soybeans. The EU will need to bridge a supply gap for rapeseed.
Nuts
Oct 22, 2026
ROME. The Italian chestnut crop is smaller than usual due to the summer drought, but the quality is excellent. Unusually high temperatures are affecting the ripening process and could extend the season. Germany’s imports for the 2025/26 season have risen significantly.
Oilseeds
Oct 22, 2026
ISLAMABAD/NEW DELHI. In Pakistan, the 2026/2027 sesame seed crop is expected to be smaller than previously predicted. In India, strong domestic demand is keeping sesame seed prices firm.