Small crop in China
Peanut prices have started to rise again in India after remaining fixed for weeks. Oil producers are now confident that they do not have to sell at a loss. Issue are initial reports stating that production will fall short of expecations in China. Although demand for peanut oil from India is still low and importers are still only prepared to pay low prices, this should change in the next few weeks. Contrary to this, demand is up in Asia.
Importers in Vietnam, Indonesia and Malaysia along with the Phillipines have stepped up buying and larg