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Peanuts: all eyes are on Argentina

May 10, 2021 11:48 AM, Der AUDITOR
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ATLANTA/SANTIAGO. The USA is not only experiencing smaller acreage this season, but is also struggling with high freight rates and EU import tariffs. The harvest in Argentina is delayed, but the crop is of high quality.

The battle over import tariffs

The National Agricultural Statistics Service (NASS) has published a first report on the projected acreage for 2021. This shows that the area under cultivation is expected to be around 1.63 million acres, which would represent a decline of around 2% from the 1.66 million acres in 2020. This is in line with the USDA's initial crop estimates, which are expected to be down 2-3% from last season. The main reason cited is the increased cultivation of products such as corn, cotton and soybeans, which can generate higher profits. The

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