Peanuts: Ramadan demand lower than hoped for

March 4, 2024 at 12:02 PM , Der AUDITOR
Play report as audio

NEW DELHI. Buying interest in the Indian peanut market in the run-up to the Muslim fasting month of Ramadan has not picked up to the extent hoped for. The situation is tense as the ratio of supply and demand is imbalanced.

Supply clearly exceeds demand

The holy month of Ramadan begins on Sunday (10 March) and market players in the Indian peanut market had high hopes that the increase in consumption during this period would drive up demand significantly in advance. However, buying interest remains well below the large quantities available and there is a strong imbalance between supply and demand. Prices have risen slightly by USD 10/mt, but market experts believe that this is because peanut prices have reached a low point following the sharp declines of recent weeks. Should there be fu

Categories:

View related articles

Go to the News Overview
Grains
Nov 8, 2024
BRUSSELS. Donald Trump’s imminent return to office as the 47th US president is sending shockwaves through the markets for grains and oilseeds. His proposed tariffs do not only spell bad news for US corn and US soybeans but also for EU rapeseed. Ukraine, Romania and Bulgaria are offering more competitive prices for wheat than Russia.
Nuts
Nov 7, 2024
DODOMA/NEW DELHI. The cashew harvest in the southern hemisphere is in full swing and Tanzania is recording good sales. Christmas and Chinese New Year are currently dominating demand on the global market.
Oilseeds
Nov 7, 2024
NEW DELHI/SEOUL. After the Diwali festival, the Indian market remained relatively quiet this week. The new sesame seed tender from South Korea provided a change.
Oilseeds
Nov 7, 2024
SOFIA/KYIV. The updated data from the European Commission contains some unpleasant truths, which are not surprising in view of the reports from the growing countries.