Peanuts: stockists sell at a loss

April 15, 2024 at 12:48 PM , Der AUDITOR
Play report as audio

NEW DELHI/BUENOS AIRES. Traders and stockists are forced to sell peanuts at a loss in India. Issue is that rising temperatures may cause diseases to spread. Harvesting is in full swing in Argentina.

Export sales provide some support

Challenges prevail in India. Stockists and traders, who purchased supplies at higher rates, are now selling at a 12-13% loss. Rising temperatures may prompt diseases to spread in the warehouses and suppliers are trying to sell quickly. This situation is set to persist in the next month or two. Export consignments from Turkey and Algeria have, however, provided temporary support. Harvesting is 60% complete but only limited volumes have so far arrived in EU quality.

Possible bumper crop in India



View related articles

Go to the News Overview
May 24, 2024
MADRID. Exports have picked up for almonds in Spain. Crop estimates for 2024/2025 have emerged. Prices are a troublesome matter.
May 23, 2024
MADRID/SACRAMENTO. Urgent calls for permission to treat organic crops with pesticides in areas affected by extreme drought in Spain contradict assertions that quality is more important than quantity for almonds. Pricing is also an issue in California, but for quite different reasons.
May 23, 2024
NEW DELHI. After India was able to secure a large part of the positions in the last South Korean sesame seed tender, exporters have high hopes again this time. However, this would not support prices in the longer term.
May 22, 2024
SOFIA/KYIV. The dwindling commodity supplies are causing sunflower seed prices in Bulgaria to rise. In Ukraine, sowing is around 90% complete.