Nuts

Peanuts: January to prove decisive

January 10, 2023 at 10:19 AM , Der AUDITOR
Play report as audio

NEW DELHI. India’s peanut market finally witnessed a turnaround at the end of last year. Suppliers are now waiting for demand to bounce back in China and in the Gulf states.

Local demand boosts market

While peanuts were trading in a relatively narrow range for a frustratingly long time, the situation changed in the last two weeks of December. Prices are on the rise and suppliers are confident that the market will receive another boost. January is a decisive month as household buying tends to rise to a considerable extent with many buying full-year supplies of groundnut oil. Reports state that a single company bought nearly 1,000 mt of oil within only eight days. Demand for G20 bold peanuts is particularly high as the the oil produced fr

Categories:

View related articles

Go to the News Overview
Oilseeds
Apr 11, 2024
OTTAWA/BRUSSELS. With the prospect of higher import tariffs for Russian flaxseed, European traders are worried about their business and fear massive price increases. Other growing countries such as India and Canada are coming into focus, but are not really an alternative for buyers at the moment.
Oilseeds
Apr 11, 2024
SOFIA/KYIV. It is comparatively warm and dry in Bulgaria during the sowing period. This year's crop will rely on favourable weather conditions in order to avoid a large yield deficit like last year.
Oilseeds
Apr 11, 2024
NEW DELHI. The result of the current tender will be published shortly. Indian exporters expect only small chances, but there will be slight price corrections. Alternative origins, many of them African growing countries, have also become more relevant for EU buyers.
Nuts
Apr 11, 2024
ORDU. In the coming days, the TMO could start selling its raw material stocks. The INC has adjusted its production estimates for the global hazelnut crop.