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Peanuts: El Niño curbs rainfall

August 28, 2023 at 11:33 AM , Der AUDITOR
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NEW DELHI/ATLANTA. Despite the monsoon season, the weather phenomenon El Niño has ensured that rainfall in India has been unusually low in August. This could have a significant impact on yields. Farmers in the USA are also currently facing dry conditions.

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Indian market players continue to keep their eyes eagerly on the weather, which will prove crucial for yields. The weather phenomenon El Niño has caused rainfall in India in August to drop by an average of 36% despite the monsoon season, with the largest deficit of 65% in the south of the country. If this trend continues, which cannot be ruled out, it is likely to have a negative impact on this year's peanut yields; if conditions settle to normal levels in the next three weeks, a very good crop of 3.1 to 3.3 million mt is expected. The uncerta

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