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 9, 2026
NEW DELHI/DODOMA. El Niño has prompted the season to start earlier than usual in Tanzania. In India, the market is getting ready for the next festival season.
Grains
Oct 9, 2026
BRUSSELS. Wheat exports are still largely disrupted in the Black Sea. Corn is under attack. Soybean crushing capacities have risen in the US and in Brazil. Oil is driving rapeseed.
Nuts
Oct 9, 2026
GAZIANTEP. Reliable crop estimates are lacking for pistachios in Turkey. Quality is an issue. Farmers are far from happy with the current price developments.
Oilseeds
Oct 8, 2026
NEW DELHI/SUCRE. Sesame farmers in India have begun harvesting. Uncertainties regarding the yield and quality of the crop are driving prices up. Paraguay and Bolivia exported less sesame seeds between January and July this year.