ARGENTINE PEANUT CROP IS SUFFERING DRY WEATHER / ARGENTINE PEANUT EXPORTS REDUCED 14% IN 2012
GEORGALOS PEANUT WORLD

February, 5, 2013

ARGENTINE PEANUT CROP IS SUFFERING DRY WEATHER

In the main peanut producing area of Argentina (south, south-west of Cordoba, north of La Pampa, and south, south-east of San Luis), it did not rain.

Most peanut cultivars are through their most critical stage in terms of water need (pegging, pod formation and fulfillment), with which any adverse effect affecting the growth and development of the plant, has its impact on the potential yield and production quality.

Most cultivars in the south region, have not completely closed the between rows, varying between 60 and 90% the coverage percentages according to the areas within the region and situations within the fields.

ARGENTINE PEANUT EXPORTS REDUCED 14% IN 2012

In 2012, 454,022 MT. of Raw & Blanched peanut were exported, with a reduction of 14% compared to the nearly 530,000 MT. exported in 2011.

The decrease in the exported volume started from September which fell from 55,300 MT. exported in August to 47,800 MT. exported in September. In October, it falls to 35,700 MT.; in November, it falls to 35,960 MT; and in December, it continued falling to 32,600 MT.

This sharp decrease in Argentine exports during the period September / December was due to the aggressive incursion, in terms of prices, of the U.S. origin, DUE TO ITS OVER PEANUT SUPPLY.

Meanwhile, U.S. peanut exports for August / November period were up 42.8% and November up 80.6% compared to last year period and month. U.S. peanuts are regaining world peanut market.

GEORGALOS PEANUT WORLD

An Information Service with Independent Opinion, for the Transparency of the Peanut Market

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