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Peanuts: stalemate paralyses market

November 7, 2022 at 4:48 PM , Der AUDITOR
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NEW DELHI. The peanut market is currently dominated by various difficulties. Buyers are not willing to pay the prices demanded, while traders do not want to sell their goods at a lower price. As a result, there is hardly any trade at present.

Season starts with high prices

The weak trading activity in the peanut market continues and there is no change in prices. Even cheap peanut kernels from Vietnam are not finding buyers and offers for peanut oil are currently at USD 1,950/mt, while customers are only willing to pay USD 1,910/mt. With other edible oils becoming expensive on local Indian markets, traders do not expect prices for peanuts or peanut oil to drop noticeably soon. However, this is exactly what foreign buyers are waiting for, so the market is currently in a stalemate. Prices have started relat

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