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


View related articles

Go to the News Overview
Jul 16, 2024
SACRAMENTO. Opinions may be contradicting but June was a very strong month for US almonds. With the season in its final stages concerns are being voiced over remaining supplies and the state of the new crop.
Jul 15, 2024
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.
Jul 15, 2024
BRUSSELS/TEHRAN. EU imports surged to record high levels for pistachios in the first half of the year. US shipments have basically flooded the market, much to the detriment of Iran.
Jul 12, 2024
BRUSSELS. Prospects are far from sunny for wheat in France. Tropical storm Beryl only has a limited impact for US corn. China has signed the first deal for US soybeans. Canada may very well replace Russia and Belarus as a supplier of rapeseed in the EU.