Due to the extended cold, the demand for shelled seeds and groundnut oil has also shown effectiveness, as the demand is more than expected. Thus, with the Lava and TJ varieties, there has been a minuscule increase in prices and the grip of stockists.
Current Scenario
The demand for groundnut oil has turned out to be higher than the perception. Apart from this, there is an increase in the trade of groundnut oil with China. Along with this, the estimate of groundnut crop in Gujarat was initially expressed at 3 to 3.2 million tonnes, according to which the arrival of groundnut is not visible in the shops of Gujarat.
Furthermore, the demand for export in Java variety is also excellent. Currently, the demand for seeds is continuously increasing due to groundnut production in Gujarat being below the assumption. The need for groundnut oil from China has stopped for the time being due to the holidays. But before the Lunar New Year holiday, China’s demand for groundnut oil was good, and the work has also been excellent. Currently, China’s demand for groundnut oil is $1930 to 1940 per ton, in front of that, due to the high price of groundnut oil in India, no one will be able to supply groundnut oil at a price below $2000 per ton.
Possibility of a minor decrease
There is a possibility of a minor decrease in February due to the continuous rise in bold groundnut seeds. Groundnut oil will likely trade at $2000 per tonne after the demand for Lunar New Year is met in China. Due to the high price of groundnut seeds, there is no major export work at the present rate, as well as the crop, is less, and the demand for groundnut seeds from Indian centres is enormous. Due to the continuous increase in groundnut seeds and prices, the price may decrease in February after completing the Shivratri subscription. And in the long run, experts opine that there is a possibility of a boom in bold groundnut seeds once the subscription of seeds starts in March-April.
The Peanuts bold 40-50 prices were Recorded at $1,37 per kg FOB.
Import/Export Statistics
Please click to reach our marketplace
The following reports may be of interest to you:
Related posts:
Stability in Peanuts Will Continue for One to One and a Half Months 
Fears of Poor Crop Push up Groundnut Prices in Gujarat Mandis 
How Rains Are Effecting Groundnuts? 
Overview of Peanut Demand and Supply 
Peanuts New Crop Less This Season 
Groundnut Crop Is Less in China, About 50 Thousand Tons Peanut Oil Will Be Exported to China From India in New Season 
India Continues To Be One Of The Leaders In Groundnut Providers Globally 
India: Gujarat Groundnut Output projected higher