The Red Peanuts price has increased due to the demand for Peanut oil and reduction in supply for Sunflower seeds from Russia and Ukraine

The cost of red peanuts has increased by USD 250/mt as the demand for Peanut oil increases, due to the reduction in the supply of Sunflower seeds from Russia & Ukraine. The FOB price of Red Skin for size 50/60 is USD 1,770/mt. The FOB price of Red Skin for size 60/70 is USD 1,750/mt. The demand has also increased for the peanut skin and shell to be used for cattle feed.