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Peanuts: the market is in waiting mode

June 2, 2021 12:52 PM, Der AUDITOR
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ATLANTA/BUENOS AIRES. Many buyers, especially in the EU, are currently holding back on new purchases. This is due to high stocks and market players waiting for the crops from Argentina and Brazil.

Little buying interest

Market players in the peanut market have currently adopted a wait-and-see attitude. There are relatively few enquiries, especially from the EU, which is mainly due to the fact that there are still sufficient stocks. Last year, many traders had stocked up with above-average supplies, fearing that the pandemic could lead to new restrictions and supply disruptions. Since this worst-case scenario did not materialise, there are still sufficient peanuts available in Europe from the 2019 and 2020 crops. However, if buyers are looking for go

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