High prices in Argentina
Trading has gained traction in the global peanut market. High temperatures and a lack of water have impacted production in Argentina and the prices for blanched peanuts will range as high as USD 2,100-2,500/mt CFR Rotterdam. Sales will be next to impossible with such high rates.
Prospects may be much more encouraging in Brazil, but pesticides and aflatoxin tend to be a problem for shipments destined for Europe. Exports to Europe are, however, up this year. Heat and a lack of rain are delaying crop development in the Southwestern US,