GUJARAT – The peanut market is experiencing a steady rise in prices for the last week. The trend continued
this week when the market opened. Both the varieties under Bold and Java had a significant
price hike. This is the result of the demand for peanut oil and an increase in the freight price
worldwide.
On August 23 the Bold varieties of peanuts, like 40-50 increased from USD 1,27 per kg FOB to USD 1,30
per kg FOB. 50-60 rose to USD 1,33 per kg FOB from USD 1,30 and 60-70 increased to USD 1,29 per kg
FOB from $1,26 per kg FOB.
The case was the same for Java varieties, where 50-60 saw an increase to USD 1,41 per kg FOB
from USD 1,38 per kg FOB. Similarly, 60-70 and 70-80 increased from USD 1,35 per kg FOB to USD 1,38
per kg FOB and USD 1,28 per kg FOB from USD 1,25 per kg FOB respectively.
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