Greece: Traders rush to buy shelled peanuts, producers expect €15

Published 2023년 8월 30일

Tridge summary

Peanut harvesting is currently taking place in Greece, with overall production expected to be lower this year compared to last year. While adverse weather conditions have resulted in a decrease in production and smaller sized peanuts, demand for Greek peanuts is high. Italian, Ukrainian, Swedish, and German traders have expressed interest in purchasing peanuts from Greece, and Turkish producers plan to block exports to meet their own domestic demand. Greek producers are holding off on selling until after September 15 to assess the situation and are hoping for prices around 15 euros per unit.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The harvesting of shelled peanuts is in progress in the country. As we mentioned in a related report by AgroTypo, after last year's good production we expect a reduced production for 2023. An exception is the area of Megaron - Elefsina which this year seems to have a good production. As Mr. Makis Bourgos from the Agricultural Cooperative of Peanut Producers of Makris pointed out when speaking to AgroTypos, "apart from the reduced production this year, there are large percentages of closures but also small sizes due to adverse weather conditions". However, the demand is increased even though the Italian traders have not yet made their appearance in our country. A merchant from Ukraine has already made his appearance in our country, who is asking for 400 tons of peanuts, while Swedish and German merchants have also arrived. For their part, the producers are not in a hurry to sell because they want to cover the shortfall of small production and expect prices around 15 euros. Turkey, ...

Source: Agrotypos