On-the-Ground Update

Saudi Arabian Peanut Market Witnesses a Price Decrease for Chinese Peanuts During W49

Peanut Kernel
China
Saudi Arabia
Market & Price Trends
Ayman Nabil
Published Dec 3, 2023
The Saudi Arabian peanut market has seen a USD 200 per metric ton (mt) price decrease for Chinese peanuts in W49, with buyer offers at USD 1,480/mt for size 25/29. This shift highlights a highly competitive market, necessitating a thorough analysis of offers, considering factors like quality, volume, and contract terms. This dip presents potential cost savings but requires strategic decision-making based on overall value and conditions.
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