Peanuts: US crop might not meet expectations

November 5, 2020 at 4:00 PM , Der AUDITOR
Play report as audio

ATLANTA/BUENOS AIRES. The USDA is expecting a worldwide increase in production, but the US crop may be smaller than expected.

47.8 million mt of peanuts worldwide

The US Department of Agriculture most recently estimated global peanut production in 2020/2021 at a total of 47.78 million mt, which would be an increase of almost 4% over last year. While in China a similar result to last year is expected, a significant increase in production is estimated for India (+7% to 6.7 million mt), Nigeria (+11.4% to 3.9 million mt) and the USA (+22.5% to 3.04 million mt). The USDA is expected to publish updated crop figures next week.

Categories:

View related articles

Go to the News Overview
Nuts
Nov 25, 2024
NEW DELHI/BUENOS AIRES. Prices for Indian peanuts are currently volatile and there is disagreement as to whether they will rise or fall in the coming weeks; both seem possible. Argentine market players are facing numerous challenges.
Nuts
Nov 25, 2024
FRESNO. Domestic demand is strong for US pistachios. Exports to China have slumped. Water is an issue in California.
Grains
Nov 22, 2024
BRUSSELS. With the war in Ukraine taking new terrible turns concerns are growing that wheat and corn will be impacted. Rumour has it that France exported much more wheat to Morrocco than official figures suggest. US soybean exporters depend much less on China than one may think. Euronext rapeseed futures have slipped.
Nuts
Nov 22, 2024
ORDU. While producers are patiently waiting for Ferrero to conduct the next move, producers are holding back incredible volumes of hazelnuts in Turkey.