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Peanuts: optimistic outlook in the USA

February 26, 2024 at 4:01 PM , Der AUDITOR
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NEW DELHI/ATLANTA. In India, prices continue to fall and demand for peanut oil and seeds is extremely low. In the USA, the outlook is much better, while there have been harvest delays in Nicaragua.

Oil mills remain closed

Indian peanut prices are still continuing their downward trend and so far there is no improvement in sight. Indian traders report that there is currently virtually no demand for peanut oil and consumers are switching to alternatives such as sunflower oil. As a result, oil mills are not stocking up and this drop in demand is putting considerable pressure on prices. The mills have been buying peanuts at higher prices in recent months and are now having to book losses, some of which are considerable. Some of them have therefore increased the pri

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