Nuts

Peanuts: threatening export ban on peanut oil

September 5, 2022 at 3:39 PM , Der AUDITOR
Play report as audio

NEW DELHI. Rumours of a possible export ban on Indian peanut oil have roiled the market and pushed up China's buying. Some traders, however, doubt whether the ban will ultimately take place.

Traders are worried

As market players had hoped, prices of Indian peanuts have risen slightly from last week. However, a rumour is doing the rounds that has traders very worried: The Indian government is reportedly planning to temporarily ban exports of peanut oil, among other products such as flour and wheat. Increased oil buying had kept traders positive until last week and the impending export restriction is now hovering over the market like a dark cloud.

New crop arrives gradually

Despite a lower acreage, market experts are curre

Categories:

View related articles

Go to the News Overview
Nuts
Jul 15, 2024
NEW DELHI/BUENOS AIRES. In India, peanut prices continue to fall with the prospect of a good crop. Demand in Argentina is good, while Brazil is struggling badly. In the USA, the weather will prove decisive.
Nuts
Jul 15, 2024
BRUSSELS/TEHRAN. EU imports surged to record high levels for pistachios in the first half of the year. US shipments have basically flooded the market, much to the detriment of Iran.
Grains
Jul 12, 2024
BRUSSELS. Prospects are far from sunny for wheat in France. Tropical storm Beryl only has a limited impact for US corn. China has signed the first deal for US soybeans. Canada may very well replace Russia and Belarus as a supplier of rapeseed in the EU.
Oilseeds
Jul 11, 2024
MOSCOW/OTTAWA. Since 1 July, EU imports of flaxseed from Russia and Belarus have been subject to a 10% import duty. This is dampening the mood in the market.