Although further nominal price declines are being reported in India, price levels are still relatively high. Opinions are divided as to what way the marekt will turn. Most expect further rises due to the troubles in several producing countries in Africa, which are limiting exports. Supplies are also running low in Tanzania and Mozambique. In India many growers in Madhya Pradesh and Rajasthan have also switched to peanuts, which is reducing sowing. These supply queezes may certainly drive up prices.
Some traders, by contrast, reckon that