Peanuts: farmgate prices in the US rise significantly

April 19, 2021 at 12:11 PM , Der AUDITOR
Play report as audio

ATLANTA. In a year-on-year comparison, farmers are charging significantly more for their raw peanuts this season - the reason being good prices for corn and cotton, which offer attractive cultivation alternatives.

Up to 75 USD/mt more

The US peanut market is currently very quiet, as buyers are still waiting for concrete information on the quality and quantity of the new crop. In March, the USDA had expected a very large crop volume of just under 2.8 million mt, but even then there were fears of a reduction in acreage. Rumours are growing that farmers have increasingly switched to other products such as corn and cotton, with which they can achieve higher prices. According to peanutgrower.com, those who have opted for peanut cultivation are charging considera

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.