Nuts

Peanuts: high demand causes prices to rise

July 31, 2023 at 10:32 AM , Der AUDITOR
Play report as audio

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

Categories:

View related articles

Go to the News Overview
Oilseeds
Jun 19, 2024
SOFIA/KYIV. Market players are focussing on the new crop. However, traders remains cautious in the hope of price reductions.
Oilseeds
Jun 19, 2024
ASTANA/MOSCOW. Experts are confident that the flaxseed crops in Kazakhstan and Russia will exceed last year's level. China is increasingly turning into Kazakhstan's most important trading partner.
Nuts
Jun 19, 2024
NAIROBI/CAPE TOWN. After macadamia prices reached an all-time low in 2023, market players are more optimistic for the coming season. Global demand is rising steadily, which should also stabilise prices.
Oilseeds
Jun 18, 2024
OTTAWA/KYIV. Experts are expecting a decline in acreage in Canada. However, favourable weather conditions have benefited yields so far, but there are also reports of damage caused by flea bugs.