Price: €11.00
Member Price: €0.00

Peanuts: peanut oil in high demand

January 30, 2023 at 12:23 PM , Der AUDITOR
Play report as audio

NEW DELHI. The shortage of sesame oil is making many buyers in India and overseas switch to peanut oil as a popular alternative. The higher demand is also causing prices to rise. There is good news regarding import duties.

Import duty to be lifted

There have been some interesting developments in the Indian peanut market in recent months. For one, Gujarat is no longer the largest peanut producer in the country, as it was before, but has been replaced by Uttar Pradesh. The late arrival of the TJ variety in the markets, which is primarily grown in the southern Indian states of Tamil Nadu, Karnataka and Telangana, caused a stir. Traders are very eager to source high quality goods here as soon as possible, and buying interest is increasing exponentially. Particularly good news for Indian m

Categories:

View related articles

Go to the News Overview
Oilseeds
Jul 3, 2025
OTTAWA/ASTANA. Canadian traders expect that the country will start the new season without any significant carry-over stocks. Speculation suggests that prices for new the crops in Russia and Kazakhstan will rise.
Oilseeds
Jul 3, 2025
OTTAWA/BRUSSELS. Rainfall is benefiting the mustard seed crop in Canadian growing regions. However, further rain showers are urgently needed. In the 2024/2025 season, almost 36% less mustard seeds have been imported into the EU so far.
Nuts
Jul 3, 2025
ORDU. Uptake for the TMO sales is slow. New crop estimates have emerged for hazelnuts. Trading slowly starts for the 2025 crop. EU spending has reached a record in the first six months of the year.
Oilseeds
Jul 2, 2025
SOFIA/DALIAN. The European Commission has significantly lowered its crop forecast for the 2025/2026 season. Market players reckon that this may not be the last time if the current weather conditions persist.