Peanuts: High prices and new arrivals

March 5, 2019 at 8:46 AM , Der AUDITOR
Play report as audio

NEW DELHI. Although the new crop has already arrived in India, the market situation is hardly improving. Market observers expect production to decline by around 30%.

 

Production slump in India

According to the US Department of Agriculture, in shell production is expected to drop to 4.7 million mt in 2018/19, a decline of almost 30% over last season (6.65 million mt). The Hamburg analyst firm Oil World estimates production in India (without shell) at 3.9 million mt in 2018/19, a decline of only 17% over last season (4.7 million mt).

Javas comparatively expensive

The first new crop arrivals are relatively high this year, which is why many local processors and oil producers are mainly interested in last year’s carry-overs.

With the arrival of the new crop, the prices for bold peanuts may have become more stable in India but have nevertheless increased again last week. The prices for Java peanuts have risen continuously. Exporters have raised their prices by up to 100 USD/mt FOB over the last five weeks.

Ramadan has pushed up demand for the time being in India. A decline is, however, expected next week.

Peanut prices, India

Sorte

USD/mt

Bold, 40-50

935

Bold, 50-60

915

Bold, 60-70

910

Java, 50-60

1,055

Java, 60-70

1,040

Java, 70-80

1,025

FOB India

 

View more information: 

price charts for many products
price information for many products

View related articles

Go to the News Overview
Nuts
Nov 22, 2024
ORDU. While producers are patiently waiting for Ferrero to conduct the next move, producers are holding back incredible volumes of hazelnuts in Turkey.
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..
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.
Nuts
Nov 18, 2024
NEW DELHI/BUENOS AIRES. Prices on the Indian peanut market have fallen steadily in recent months and now have hardly any room for further declines. A record acreage is expected in Argentina, while anxious eyes are focussed on the USA.