Nuts

Peanuts: moisture leads to quality issues

July 3, 2023 at 10:09 AM , Der AUDITOR
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NEW DELHI. Heavy rains in some Indian growing areas have led to crop damage and quality losses; however, the extent of the damage has yet to be determined. Indonesian buyers are increasingly switching from Indian peanuts to the cheaper alternative from Mozambique.

Monsoon brings heavy rainfall

An increase in acreage in India initially fuelled hopes of a larger crop this year. Now, however, local market players report that the Mainpuri region in the main cultivation area of Uttar Pradesh has experienced heavy rainfall, which has led to high crop damage. There are no official figures yet, but estimates are for a loss of 15-20%, and the high humidity could also cause quality problems. This circumstance could lead to prices, which initially fell further compared to last week, ending their downward trend and instead rising again.

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