Nuts

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
Nuts
Feb 27, 2024
BRUSSELS. EU importers spent much less on pine nuts in 2023. Producers in Portugal are promoting Mediterranean pine nuts. Uncertain market conditions will prevail this year.
Nuts
Feb 26, 2024
NEW DELHI/ATLANTA. In India, prices continue to fall and demand for peanut oil and seeds is extremely low. In the USA, the outlook is much better, while there have been harvest delays in Nicaragua.
Grains
Feb 23, 2024
BRUSSELS. Exporters in Ukraine fear that the Red Sea crisis will render wheat shipments to Indonesia more expensive. Opinions are divided over Argentina’s corn crop. China can afford to wait for soy, but frost may considerably damage the country’s rapeseed crop.
Nuts
Feb 23, 2024
TEHRAN/FRESNO. With California chasing records pistachios may soon experience a supply glut. Cautions prevails over this year’s crop. Iran’s exports to the EU have gained again.