Peanuts: drought affects US crop

October 28, 2024 at 3:39 PM , Der AUDITOR
Play report as audio

NEW DELHI/ATLANTA. Arrivals of the new crop are steadily increasing on the Indian markets, but will now take a short break due to the Diwali festival. In the USA, drought could lead to crop damage.

Government purchases will influence the market

Indian peanut prices have been moving within a very narrow range for several weeks now. The main reason for this stagnation is the rather weak demand from China, as Chinese buyers are waiting for further declines, especially in peanut oil, before they stock up, even though prices from shippers are already around USD 300/mt lower than last year. As China will produce significantly more peanuts this season than last year, only demand for Indian peanut oil will increase in the near future.

Arrivals of the new crop

Categories:

View related articles

Go to the News Overview
Nuts
Nov 21, 2024
BRUSSELS. Eager suppliers are urging customers to act fast for pine nuts in China and Turkey. As recent import statistics show Russia’s export duties have failed to impress buyers in the EU this season so far..
Oilseeds
Nov 21, 2024
CHRUDIM. Larger acreages and higher yields have significantly increased the Czech blue poppy seed crop this year. This has ensured that prices have become noticeably more favourable again compared to previous years.
Oilseeds
Nov 20, 2024
SOFIA/KYIV. Chaotic weeks lie behind the sunflower seed market. A few weeks before the turn of the year, things are now calming down and, according to market players, things could stay that way for the time being.
Nuts
Nov 20, 2024
HANOI. No other country exports as many processed cashew kernels as Vietnam. However, processors are dependent on high RCN imports, which are detrimental to domestic producers. EU imports have increased.