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Peanuts: the right soil is crucial

January 6, 2025 at 4:40 PM , Der AUDITOR
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NEW DELHI. In the important growing region of Uttar Pradesh, the quality of peanuts grown in black soil has not been convincing this season, resulting in a shortage of high-quality produce. Meanwhile, the Indian government is continuing its purchases at a rapid pace.

Government buys large quantities

Indian peanut prices have continued to decline in recent weeks, but market experts say there are some supportive factors that could lead to price increases in January; the mood in the market is cautiously optimistic. The government is continuing its purchases and is said to have already bought around 550,000 mt of peanuts. According to current estimates, total purchases this season could amount to 750,000 mt. In addition, favourable prices for peanut oil are likely to motivate buyers in China to purchase, meaning that demand should p

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