Nuts

Peanuts: uncertainty prevails in India

March 6, 2023 at 12:10 PM , Der AUDITOR
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NEW DELHI/ ATLANTA. Hesitation prevails in India and is slowing down trading as it is unclear if and in how far the government intends to intervene in the peanut market. Producers in South Amercia have to deal with totally different problems.

Subdued trading

Several things are impacting the market at present. A hike in the prices for peanut meal has, for instance, prompted processors to step up production. Exporting peanut oil to China is, however, difficult as suppliers and importers cannot agree on prices. A high degree of uncertainty, in addition, prevails as the government may restrict or perhaps even suspend peanut and peanut oil exports. Issue is that several organisations have called on the government to adopt stringent measures to regulate the prices for peanut oil. Traders and buyers are relucta

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