Nuts

Peanuts: significant crop decline in Brazil

June 17, 2024 at 12:23 PM , Der AUDITOR
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NEW DELHI/ATLANTA. The Brazilian peanut crop is significantly lower this season than in the last two years. This in turn plays into the hands of Argentinian exporters. In India, sowing for the new crop is about to start.

EU buyers find alternatives

In Brazil, the extent of the weather-related crop decline is slowly becoming clear – heavy rainfall and subsequent flooding had destroyed large parts of the plants here. Current estimates put this year's crop at just 180,000 mt, compared to 300,000 mt in the last two years. While average annual exports to Europe amount to 50,000 mt, exports to the EU are expected to fall significantly this season.

This situation is likely to play into the hands of Argentinian exporters. Here too, much depends on the weather conditions, as th

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