Price: €11.00
Member Price: €0.00

Peanuts: Indian government may intervene

February 27, 2023 at 2:44 PM , Der AUDITOR
Play report as audio

NEW DELHI. Suspicions are hardening that the government will soon intervene massively in the Indian peanut oil market. This could put a stop to the price hikes that have occurred compared to last week.

Hoped-for price increases have materialised

The hopes of Indian traders have been fulfilled this week: As suspected, high demand from China and Vietnam over the past two weeks has caused prices to climb. The fact that new crop arrivals in Indian markets are much smaller than usual for February is also contributing to the price increases, as domestic demand currently exceeds supply. This is particularly the case in Gujarat. Here, arrivals are normally around 200,000 bags per day, but currently local traders report only 80,000 bags. Exporters are particularly satisfie

Categories:

View related articles

Go to the News Overview
Grains
Apr 25, 2025
BRUSSELS. Rain has improved conditions for wheat. Ukraine’s corn exports have slumped by 20%. US soybeans are holding up surprisingly well. With the euro hitting a three-and-a-half-year high against the US dollar rapeseed quotations have tumbled.
Nuts
Apr 25, 2025
ORDU. Initial estimates circulating about the extent of the frost damage for the 2025 crop are highly discouraging. The TMO has stopped selling hazelnuts and buyers are responding differently to the current market situation.
Oilseeds
Apr 24, 2025
OTTAWA/ASTANA. Russia is once again banning flaxseed imports from Kazakhstan. Traders report delays in deliveries from the origin. Canadian farmers could expand their sowing this year.
Nuts
Apr 24, 2025
MANILA. High demand and low stocks mean that Philippine coconut shipments may be significantly delayed. Prices are also very high, while freight rates continue to decline.