Nuts

Peanuts: moisture content too high

October 2, 2023 at 11:04 AM , Der AUDITOR
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NEW DELHI. Persistent rains are ensuring that the Indian peanuts of the new crop are not yet convincing with their quality. Chinese purchases are raising question marks, while the Gujarat government is supporting farmers.

Buyers prefer to wait and see

In contrast to last week, peanut prices are now down slightly by USD 20/mt. Indian market players report that there is virtually no export demand. Foreign buyers prefer to wait and see, as larger volumes of new crop peanuts will arrive on the markets from mid-October onwards, which should gradually bring prices down. The situation is similar on the peanut oil market, where China currently leaves exporters with a question mark. While some expect Chinese production to be 20% lower than last year, others believe that the country will manag

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