Peanuts: demand from China remains weak

December 16, 2024 at 11:57 AM , Der AUDITOR
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NEW DELHI/BEIJING. The economic situation is forcing Chinese consumers to cut back on their purchases; Indian exporters are also clearly feeling the effects of this downturn. There is no end to the price declines.

No improvement in sight yet

Indian market players are now describing the peanut market as a “bottomless pit”, referring to the constant price declines that seem to have no end in sight. The delayed Kharif harvest has resulted in a significant influx of high quality peanuts reaching the markets and this oversupply is being met with weak export demand; a combination that is putting massive pressure on the market. At the same time, the price increase for imported edible oils such as sunflower, palm and soya oil is extreme, despite the high import duties imp

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