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Peanuts: optimism returns

August 29, 2022 2:55 PM, Der AUDITOR
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NEW DELHI. After the stagnation of the last few months, Indian market players are now more optimistic again. Demand from China in particular is giving exporters hope for a successful season.

Drought in China

A change is currently taking place in the Indian peanut market. Prices had been stagnant for a long time due to quite weak demand and traders were very concerned about the sluggish market. Although there has been no change in prices this time compared to last week, market players have regained their optimism and expect that prices could rise significantly in the coming weeks. On the world market, the new crops from competing growing countries such as Senegal, Sudan and the USA will not arrive until November, which will turn the current focus of buye

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