Peanuts: sharp decline in EU imports from US
June 2, 2025 at 12:46 PM ,
Der AUDITOR
Good progress in the USA
As the USDA reports sowing was 69% complete as of 25 May. This is 4% up on last year. In Virginia, sowing is even 90% complete, which may be 3% less than last year but is 9% higher than average. North Carolina, Georgia and Alabama are also important producing states. According to USDA estimates sowing will reach 758,000 ha in 2025/2026 and INC crop projections stand at 3.1 million mt for the US. Since harvesting will only start in September the weather will play a decisive role. Olam states that dry conditions have already caused some delays.
Further price declines in India
In India, quotations have continued to decline. While prices already dropped by 9% in May, this trend has continued for most sizes at the start of June. Bold 40-50 peanuts are the only variety that has retained firm prices since last week.
|
Peanuts, India |
|
|
Type |
USD/mt |
|
Bold, 40-50 |
1,190 |
|
Bold, 50-60 |
1,150 |
|
Bold, 60-70 |
1,135 |
|
Java, 50-60 |
1,245 |
|
Java, 60-70 |
1,160 |
|
Java, 70-80 |
1,165 |
EU imports 11% up
EU imports have climbed by 11% between 1 January and 18 May 2025 as compared with the same period last year. Argentina is the main supplier by far and shipments have risen by an impressive 65%. China has replaced the US as second most important trading partner with imports from here climbing by a much more moderate 3%. Contrary to this, shipments from the US have slumped by 60%. The shipments from Brazil, Nicaragua and Paraguay are also showing sharp declines, whereas the opposite is the case for shipments from Egypt and South Africa.
The Netherlands are the leading EU importing member state. Imports to here have surge by 20% as compared with last year. Italy, Spain and Poland along with Germany are next in line. Total EU imports amount to 280,835 mt worth EUR 459 million (USD 524 million).
|
EU peanut imports (mt) |
|||
|
Partner |
2024 |
2025 |
Diff. |
|
Argentina |
108,243 |
178,518 |
64.9% |
|
China |
30,351 |
31,252 |
3.0% |
|
USA |
54,803 |
22,037 |
-59.8% |
|
Egypt |
17,592 |
21,445 |
21.9% |
|
Brazil |
20,041 |
10,798 |
-46.1% |
|
Nicaragua |
10,267 |
6,707 |
-34.7% |
|
India |
4,252 |
3,697 |
-13.1% |
|
Israel |
2,923 |
2,403 |
-17.8% |
|
Paraguay |
3,004 |
879 |
-70.7% |
|
South Africa |
688 |
747 |
8.6% |
|
Others |
2,095 |
2,352 |
12.3% |
|
Total |
254,259 |
280,835 |
10.5% |
|
DG AGRI TAXUD Customs Surveillance System, 01/01-18/05 HS Code 12024200 Groundnuts, shelled, whether or not broken (excl. seed for sowing, roasted or otherwise cooked) |
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View more
- price chart, peanuts, with skin, 40/50, Bold, India
- price chart peanuts, with skin, 50/60, Java, India
- price charts for nuts, dried fruit, oilseeds and many more products
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