Peanuts: USDA expects production to decline in 2019/20

July 1, 2019 at 4:14 PM , Der AUDITOR
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BISMARCK/NEW DELHI. According to the US Department of Agriculture, the global peanut crop in 2019/20 is expected to decline by 2.2% compared to the previous year. At the same time, production is expected to rise by 3.2% in the USA.

USA and China harvest more
At mt 44.99 million mt, global peanut production is expected to fall by 2.2% year-on-year in the 2019/20 marketing year. Production is predicted to increase in large growing countries such as China, India and the USA, while the crop in Nigeria is expected to be around 21% smaller than in 2018/19. Production in Argentina is also expected to decline by 5.3%.  Unfavourable weather conditions had delayed the harvest process but now farmers are back at work. As of 29 June 2019, around 60% of the area has not yet been harvested, according

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