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