Peanuts: Uttar Pradesh wins the race

May 2, 2023 at 2:45 PM , Der AUDITOR
Play report as audio

NEW DELHI. In the Indian state of Uttar Pradesh, peanut production is expected to increase by up to 50% this year, while other growing states are expected to see significant declines. Some growers are also struggling with cash problems.

Slight price declines

After peanut prices on the Indian market held steady last week, there have now been slight declines of USD 15/mt. Market players cite China's drop in demand for Indian peanut oil as the main reason for this. It is suspected that there were some quality problems here, but this will only be confirmed for sure or proven wrong in the coming days. Peanut oil supplies, which should have fetched USD 2,000-2,030/mt, may now fall to USD 1,880-1,900/mt.

Growers prefer other products

In India, the state of Uttar Pradesh wi


View related articles

Go to the News Overview
May 26, 2023
ORDU. While Turkey is still in a mode of suspension, controversy has broken loose over the production estimates for hazelnuts in Spain presented at the Nut and Dried Fruit Council Congress in London.
May 25, 2023
CANBERRA/MADRID. Australia started the new export season with record figures. Meanwhile, associations and companies from Spain and Portugal have joined forces to establish the "Iberian Almond" more firmly in the Western European market.
May 25, 2023
NEW DELHI. Indian exporters were able to secure the bulk of the current sesame seed tender. Market players, however, do not expect a trend reversal in the price development.
May 24, 2023
ATLANTA. Demand for US pecans is so high that farmers are expanding their acreage as best they can. However, as they face various hurdles in doing so, supply remains tight.