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Peanuts: US crop might not meet expectations

November 5, 2020 4:00 PM, Der AUDITOR
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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.

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