Peanuts: high demand causes prices to rise

July 31, 2023 at 10:32 AM , Der AUDITOR
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NEW DELHI/ATLANTA. Strong buying interest in Europe and Asia is keeping peanut prices on an upward trend. Argentine suppliers continue to hold back with offers, while in the USA the crop outlook is promising so far.

Prices continue to rise

Market players report that international demand for peanuts is currently picking up noticeably. European buyers, for example, who had been cautious in recent weeks, are showing increased interest in buying. Some of them had hoped that prices for Argentine peanuts would fall, but since this has not happened, buyers are now having to replenish their stocks. In Argentina, meanwhile, the market is largely stagnant. This season is particularly challenging for exporters there, as prices are extremely high and it is difficult to make offers for the


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