Price: €11.00
Member Price: €0.00

Peanuts: Indian prices under pressure

July 15, 2024 at 4:08 PM , Der AUDITOR
Play report as audio

NEW DELHI/BUENOS AIRES. In India, peanut prices continue to fall with the prospect of a good crop. Demand in Argentina is good, while Brazil is struggling badly. In the USA, the weather will prove decisive.

Market prices below MSP

Market players in India report that the current sowing has been finished on 1.4 million hectares. This is around 80% of the average area planted in recent years, which was 1.75 million hectares, so a similar result could be on the cards once sowing is complete. This time last year, 1.5 million hectares had been sown. In Gujarat, the most important growing state, it was initially assumed that the acreage could be reduced by around a third, but favourable rainfall has changed the intentions of growers, meaning that it is now possible that an ev

Categories:

View related articles

Go to the News Overview
Nuts
Apr 29, 2025
SACRAMENTO. Land IQ has issued a rather upbeat initial acreage estimate for California’s 2025 almond crop. Growers are, however, voicing concerns.
Nuts
Apr 28, 2025
HANOI. Despite the import taxes on Vietnamese cashews, the USA remains the most important buyer, accounting for 22.7% of total exports. Vinacas reckons that this will remain the case in 2025.
Nuts
Apr 28, 2025
TORREÓN/REUS. Imports from Mexico may be exempt from Trump’s tariffs but US exporters are losing out in China. Demand is high. South Africa is gaining market shares.
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.