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Peanuts: water is the issue

April 12, 2023 at 11:32 AM , Der AUDITOR
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NEW DELHI. Water scarcity is an issue in the state of Gujarat in India. Prospects, however, differ for the new peanut crop.

Encouraging prospects

While water scarcity has reduced sowing in the Saurashtra region, the new crop is expected to yield good results. Farmers have also stepped up sowing in North Gujarat. Prospects are also highly encouraging in the Halvad municipality in the Morbi district as sowing is 25% up on last year. Issue here is that three canals provide farmers with sufficient water. Yet, attractive have prices have prompted many to switch to sesame seeds or mung beans.

Sluggish exports

As remaining stocks are estimated at 30% the market may very well receive a boost if export sales for peanut oil go up. Exports are presently, however, stagnant. Prices are trending upwards and range at USD 1,450/mt FOB India for bold 40-50 peanuts.

Peanuts, with skin

Type

USD/mt

Bold, 40-50

1,450

Bold, 50-60

1,410

Bold, 60-70

1,395

Java, 50-60

1,520

Java, 60-70

1,435

Java, 70-80

1,440

FOB India, non-EU quality

 

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price chart, peanuts, with skin, 40/50, Bold, India
price chart peanuts, with skin, 50/60, Java, India
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