Nuts

Peanuts: all eyes are on Argentina

May 10, 2021 11:48 AM, Der AUDITOR
Play report as audio

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

Categories:

View related articles

Go to the News Overview
Oilseeds
May 25, 2022
NUR-SULTAN/OTTAWA. As demand is very much subdued traders are trying to sell their expensive supplies as quickly as they possibly can. Producers, however, expect prices to rise for the new crop. Issue is the lack of rain in Kazakhstan.
Oilseeds
May 25, 2022
SOFIA/KYIV. Sunflower seed traders are concerned over excessive heat and drought in Bulgaria as these adverse weather conditions may very well impact production. Suppliers are only issuing few offers for the new crop. Ukraine continues to ship sunflower seeds to the EU.
Nuts
May 25, 2022
ORDU. Over the last few weeks reality has kicked in that sufficient supplies are available, and attention shifted more towards the new crop. At present, the mood is, however, shifting in Turkey’s hazelnut market. Issue are strange dynamics. The market may also have to adjust production estimates for the new crop.
Nuts
May 25, 2022
MADRID/SACRAMENTO. While almond production will range 4% lower in California at 2.80 billion pounds, things are also far from encouraging in Spain. According to the National Nut Board production will range 30% lower than last year. Judging by experience, however, the estimates presented by this organisation tend to be rather conservative.