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
Oilseeds
Nov 28, 2022
DALIAN. Due to the current market developments in China and the closure of some growing areas, speculators have much less power than usual, which, according to traders, makes for a peaceful mood. How long this peace will last, however, is questionable.
Nuts
Nov 28, 2022
NEW DELHI. Although market prices are already well above the minimum support price, many farmers are holding back their goods in the hope of further increases. This does not necessarily meet with approval from buyers.
Oilseeds
Nov 25, 2022
SOFIA/KYIV. The harvest in Ukraine is almost complete and can meet the set target. Meanwhile, prices have stalled, while Germany's imports increased significantly year-on-year.
Oilseeds
Nov 24, 2022
NEW DELHI. Indian traders hope that the new tender and the holiday demand from China can still support sesame seed prices. Due to heavy rainfall, the crop was significantly smaller than expected.