Nuts

Peanuts: stockists sell at a loss

April 15, 2024 at 12:48 PM , Der AUDITOR
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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

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