Price: €11.00
Member Price: €0.00

Peanuts: good prospects for the Indian winter crop

June 3, 2024 at 12:54 PM , Der AUDITOR
Play report as audio

NEW DELHI. In India, sowing for the winter crop is imminent and so far the forecasts are encouraging. There have been slight harvest delays in Argentina and the weather is playing a decisive role in all growing countries.

Prices continue to decline

As expected, prices on the Indian peanut market have also fallen slightly this week. However, the market for peanut oil is receiving support as prices for other edible oils such as soybean- and sunflower oil are climbing, dragging peanut oil with them. China has already increased its purchases of peanut oil from India.

Sowing for the 2024 Indian winter crop is set to begin in mid-June and farmers are optimistic about the upcoming planting season. Despite the ongoing price declines, prices are still above the minimum support price,

Categories:

View related articles

Go to the News Overview
Nuts
Jul 16, 2025
DALIAN/SACRAMENTO. Indian importers would rather pay punitive fees than high customs duties on US walnuts and are waiting for the trade agreement to be approved. As was the case last year, labour shortages in the Chinese province of Yunnan could jeopardise the walnut harvest.
Nuts
Jul 16, 2025
FRESNO. Under current conditions, the US can expect a record pistachio crop this season. The situation for exports is less positive, with a significant year-on-year decline.
Oilseeds
Jul 16, 2025
SOFIA/WASHINGTON, D.C. The weather in Bulgaria is expected to remain hot and dry for the time being. According to data from the USDA, sunflower seed crops in Russia and Moldova are higher than expected. At the same time, the forecast for Ukraine has been revised downwards.
Nuts
Jul 16, 2025
MANILA. Unlike on the Philippine domestic market, export prices for desiccated coconuts remain stable thanks to strong demand. The situation is similar for coconut oil, and copra prices are even trending upwards.