Nuts

Peanuts: back on track

January 16, 2023 at 9:59 AM , Der AUDITOR
Play report as audio

NEW DELHI. Peanuts are back on track again. Yet, there is some friction between suppliers in India and importers in China. Inflation is also prompting suppliers to act.

China refuses to pay high prices

International demand has revived trading in the last few days. Suppliers have now struck some deals, particularly in China. Trouble, however, is that the importers here are only offering USD 1,880/mt for groundnut oil, whereas Indian stockist are rather quoting USD 1,900-1,920/mt. Some companies are, nevertheless, willing to sell as they expect to gain more revenue with the depreciation of the Indian rupee against the US dollar continuing.

Demand is also up in the Gulf states, Vietnam and China for, especially bold peanuts wi

Categories:

View related articles

Go to the News Overview
Oilseeds
Jul 18, 2024
CHRUDIM. Czech poppy farmers have sown a good 10,000 ha more this year than in the last two years. This raises hopes of a good crop, even though there are still concerns that the hot and dry temperatures could have a negative impact.
Oilseeds
Jul 18, 2024
NEW DELHI. Indian sesame seed traders are struggling with high competitive pressure. Meanwhile, the sesame seed tender expected at the beginning of July has been delayed by a few weeks.
Nuts
Jul 18, 2024
BRUSSELS/ORDU. Given that prices have surged this season it is quite remarkable that EU imports have risen for hazelnuts in the first six months of the year. Suspense is palpable in Turkey with the TMO and Ferrero expected to take decisive action very soon. Offers for the new crop are circulating.
Oilseeds
Jul 18, 2024
OTTAWA/BRUSSELS. Good crop prospects in Canada are putting pressure on mustard seed prices. Buyers are still holding back on enquiries.