Nuts

Peanuts: USA might expect third largest crop in history

March 2, 2021 9:34 AM, Der AUDITOR
Play report as audio

ATLANTA. According to current estimates of the UDSA, the USA could expect a very good crop. However, trade tensions with the EU pose difficulties for exporters.

Smaller acreage for 2021

After a rather quiet end to 2020 in the US peanut market, market players have so far been very satisfied with the start to 2021. Consumption of peanuts and peanut products, especially peanut butter, has risen noticeably again and the quality of the crop is described as very good. The current USDA crop estimates are 2,782,290 mt. If these estimates come true, the crop would be 12% above the one of 2019, according to peanutgrower.com, and would be the third largest crop ever in the US. However, there are conce

Categories:

View related articles

Go to the News Overview
Oilseeds
Oct 18, 2021
NUR-SULTAN/OTTAWA. Prices remain high in the international flaxseed market. Last year's profits enable farmers in Kazakhstan to hold back supplies and drive up prices. A high degree of uncertainty has gripped the market.
Nuts
Oct 18, 2021
HANOI. After Cambodian exports to Vietnam had puzzled market players at the beginning of the year, the figures have now returned to normal. Another country has reclaimed its role as the main supplier.
Oilseeds
Oct 18, 2021
BEIJING. Last week, speculators took a break in commodity buying. However, this lasted much shorter than market players had expected. This also has an impact on export prices.
Nuts
Oct 18, 2021
ORDU. Turkey’s hazelnut market was plunged into chaos again after the lira recently slumped to new lows against the euro and US dollar. Disaster struck after President Recep Tayyip Erdogan fired three central bank policy makers, who are claimed to have opposed last month’s interest rate cut. Concern is that more interest rate cuts will follow despite inflation being high, possibly even this week as the next policy meeting will be held on Thursday.