Demand for Indian peanuts from China has taken a break

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Mumbai, Ta. February 29 - Saturday

After two months of rapid growth, India's export of peanuts to China has stalled. Shipping from China has stopped due to the outbreak of coronavirus.

According to data compiled by the Agricultural and Processed Food Products Export Development Authority (AUPDA), India's peanut exports during April-December stood at 6 per cent on a year-over-year basis, while the percentage was 8.5 per cent in value.

Peanut exports during the period last year stood at 8 tonnes as compared to 6 tonnes in April-December 1. In terms of value, the figure increased to $ 8 million against the $ 8 million mark.

Most of the growth occurred in November and December only in the first nine months of the year. India's peanut demand from China increased due to the supply woes caused by the trade war with the United States.

India's peanut exports during April-October period stood at 2 lakh tonnes. But with the sudden demand from China, India's exports to China reached 2.5 million tons. The rest of the exports remained in countries including the Far East.

However, peanut demand from China has stalled in March quarter as a result of the outbreak of the coronavirus, sources in Aphida said.

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