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Peanuts: quality issues in Brazil

May 6, 2024 at 12:18 PM , Der AUDITOR
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NEW DELHI/BRASILÍA. Peanut prices are under pressure in India and the situation in China is no better. The Brazilian crop is facing some major challenges.

Low demand in India

Indian peanut prices have been moving in a relatively narrow range in recent months; this time they have fallen by USD 30/mt compared to last week. During the entire month of April, there was no good demand for peanuts either in the international or domestic market. Edible oil prices are also under pressure, with soybean, sunflower and palm oil showing a similar trend. As workers in Argentinian harbours are currently on strike, the supply of soybean oil could be affected and prices could recover somewhat. However, market experts believe that arri

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