Export Demand Supports Indian Peanut Market

Exporters are actively purchasing 80-90 count peanuts from Uttar Pradesh, India at USD 0,87 per kg, while 30-50 count peanuts are being traded between USD 0,03-0,10 per gram. Due to a peanut shortage in China, demand for Indian peanut imports remains strong. However, Chinese interest may weaken if prices exceed USD 0,90 per kg.

Recent Chinese Imports Provide Market Boost

• China imported 350-400 containers of peanuts in the last 15-20 days, enhancing India's market conditions.
• Peanut prices remain steady, but Bold Peanut could decrease slightly by USD 0,012 per kg due to softer domestic demand.

Peanut Export Prices and Market Comparisons

• Singapore’s peanut exports remain robust, with recent trades at USD 1,32 per kg.
• China remains an active buyer, although prices nearing USD 1,50 per kg may prompt traders to lock in profits.
• China's imports of 250-300 tonnes over the past 15 days reflect consistent market demand.

Factors Shaping Indian Peanut Market Prices

Several factors continue to influence peanut pricing. Adverse weather in India has limited domestic supply, driving upward pressure. Increased transportation costs have also affected export pricing. Nevertheless, alternate supply from Myanmar and Australia could partially offset these pressures.

Despite immediate fluctuations, long-term market prospects remain positive. Continuous demand from China and expanding markets in Asia and Southeast Asia should sustain export levels. Farmers shifting to higher-yielding peanut varieties could further stabilize future supply.

Market Stability Expected Despite Mild Price Adjustments

While Bold Peanut prices might experience minor reductions, TJ varieties should maintain stability in the near term. The international demand outlook remains supportive, though sensitivity to pricing will influence market activities moving forward.