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Peanuts: high demand from China

April 17, 2023 at 2:44 PM , Der AUDITOR
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NEW DELHI. Buying interest from China has increased rapidly, leading market players to suspect that crop damage has occurred there, which must now be compensated for with purchases from India. Meanwhile, German peanut imports are declining.

Price increases are likely

After a decent jump in the past week, peanut prices are holding steady this week. Market players describe the sentiment in the market as mixed, as new changes can be observed every day. Last week, for example, there was hardly any trading activity on Monday and Tuesday, then on Wednesday the market was fuelled by increased export requests from China.

It is reasonable to assume that some crop losses have been recorded in China, which is why traders there are now resorting to Indian goods. Prices are also supported by the prospect of

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