The strong demand for peanut oil keeps pressure on the supply of raw shelled peanuts

There is a growing concern in the peanut processing industry with the current high prices of peanut oil, which is a competing segment and the main cause for raw shelled peanut prices to remain at high levels at the farm door. Peanut oil is currently being traded at around R$ 2,000 /mt, about 67% above the previous year when it was traded at R$ 1,200 /mt.