Nuts

Peanuts: suppliers miss the right time

January 29, 2024 at 12:59 PM , Der AUDITOR
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NEW DELHI/BRASÍLIA. In the hope of further price increases, Indian stockists had not released their goods for sale at the right time - now prices are low, demand is weak and suppliers are sitting on their goods. In the USA, Brazil and Sudan, crop failures are expected.

Plenty of goods and little buying interest

The Indian peanut market is facing various challenges. The remaining stocks are unfavourably distributed; 35% each are currently in the hands of farmers and wholesalers, who are unwilling to sell at current prices. Compared to last week, prices have fallen again by USD 10/mt. According to market experts, stockists have missed the right time to liquidate their old crop supplies. This would have been in July and August 2023 - instead, they continued to buy in the hope that prices would continue to rise. Now they are unwilling

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