Peanuts: oil purchases from China decline

June 26, 2023 at 10:26 AM , Der AUDITOR
Play report as audio

NEW DELHI/BRASÍLIA. China has reduced its purchases of peanut oil from India and is buying larger quantities from Brazil. Here, the harvest has been completed, but there are few offers for the new crop so far.

Slight price declines in India

Arrivals on the Indian markets have increased significantly. Traders report that Uttar Pradesh in particular is literally flooded with new crop goods. This influx will continue for about two to three weeks and is also reflected in prices, which have fallen by about USD 20/mt.

Peanuts, with skin



Bold, 40-50


View related articles

Go to the News Overview
Apr 18, 2024
BRUSSELS/REUS. Imports from Russia may have declined sharply for pine nuts since 2022, yet the country still holds a key position in the EU. Global production fell sharply in 2023/2024.
Apr 18, 2024
NEW DELHI. After the last tender from South Korea turned out to be a great disappointment for sesame seeds, things are looking much better in India in April. Question is in how far this will impact prices.
Apr 18, 2024
ORDU. Not only the TMO but also Ferrero have jumped into action regarding hazelnuts after weeks of speculation.
Apr 17, 2024
BEIJING/REUS. China has remained the most important producer for walnuts as the latest International Nut and Dried Fruit Council (INC) estimates show. The prospects for the 2024 crop are promising.