Nuts

Peanuts: trade faces hurdles

December 5, 2022 at 3:03 PM, Der AUDITOR
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NEW DELHI/ATLANTA. Last week, several factors came together to dampen trade in the Indian peanut market. In the US, the USDA is still sticking to its high crop estimates.

Elections bring trade to a standstill

After recent price increases, the peanut market saw slight declines again last week. Elections were held in the Indian state of Gujarat, the most important trading centre for peanuts, which brought the main markets to an almost complete standstill for two days. In addition, according to a government regulation, citizens were only allowed to carry 50,000 rupees in cash during this period, which further slowed down trade. The fact that the prices for sunflower oil are significantly lower than those for peanut oil further slows the

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