Nuts

Peanuts: India relies on demand from China

December 11, 2023 at 11:27 AM , Der AUDITOR
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NEW DELHI/ATLANTA. While buying interest in Europe and the USA is waning, Indian exporters are pinning their hopes on Chinese buyers. In South America, sowing is coming to an end, while conditions in the USA present a mixed picture.

Hope lies on Chinese peanut oil production

As in the previous week, prices on the Indian peanut market have decreased slightly. The Christmas business from Europe and the USA has come to an end, meaning that demand here has fallen noticeably, although experience shows that buying interest should pick up again in February at the latest. The situation is different in China, where Indian exporters report that large Chinese peanut oil factories have asked about prices and should start buying in the next few days. The Chinese New Year also usually boosts demand for peanu

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