Nuts

Peanuts: sluggish trading activities

October 24, 2022 at 12:44 PM , Der AUDITOR
Play report as audio

NEW DELHI. Several factors are making the peanut trade in India slow at the moment. In addition, the moisture content of the new crop is still too high.

Low demand

The Indian peanut market is still under heavy pressure, according to local market players. After remaining stable last week, prices have now fallen again. There is little demand in big markets like Gujarat, not even the Diwali festival could give a big boost to buying interest here. The decline in palm oil prices is also contributing to the sluggishness of the peanut trade, and stockists are reluctant to buy. Traders as well as oil mills are also holding back. Incoming arrivals of the new crop continue to have a high moisture content. Traders are now hopi

Categories:

View related articles

Go to the News Overview
Grains
May 17, 2024
BRUSSELS. Frost will force Russian farmers to resow an extensive area with wheat. Brazil’s CONAB has issued a rather surprising production estimate for corn. US soy traders are taken aback by Biden’s refusal to impose tariffs on used cooking oil imports from China. The EU will need to import more rapeseed from Canada and Australia.
Oilseeds
May 16, 2024
ASTANA. Kazakh farmers are busy sowing this year's flaxseed crop. The plan is to expand the area compared to 2023. Kazakhstan's exports have declined significantly due to the disappointing 2023 crop.
Nuts
May 16, 2024
SACRAMENTO/ISFAHAN. US almond shipments exceeded 2 billion pounds in April. The USDA subjective crop forecast is fuelling uneasy speculations. Almonds have come under fire in Iran.
Oilseeds
May 16, 2024
NEW DELHI/BRASÍLIA. Harvesting is underway in some parts of Gujarat and the first volumes have arrived. Farmers are busy sowing sesame seeds in Brazil.