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


View related articles

Go to the News Overview
Apr 18, 2024
BRUSSELS/REUS. Imports from Russia may have declined sharply for pine nuts since 2022, yet the country still holds a key position in the EU. Global production fell sharply in 2023/2024.
Apr 18, 2024
NEW DELHI. After the last tender from South Korea turned out to be a great disappointment for sesame seeds, things are looking much better in India in April. Question is in how far this will impact prices.
Apr 18, 2024
ORDU. Not only the TMO but also Ferrero have jumped into action regarding hazelnuts after weeks of speculation.
Apr 17, 2024
BEIJING/REUS. China has remained the most important producer for walnuts as the latest International Nut and Dried Fruit Council (INC) estimates show. The prospects for the 2024 crop are promising.