Peanuts: sluggish trading activities

October 24, 2022 at 12:44 PM , Der AUDITOR
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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


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