Situation in Brazil is now critical. Just when the market tried to analyse what the impact was of the dry spell on the Brazilian peanut crop, the harvesting is stopped on many places due to excessive rains. All exporters are withdrawn from offering, and internally the market is already reaction. Farmers will consider their chances on obtaining higher prices for their material, and that puts shellers and exporters immediately in a very difficult position. If the harvesting conditions do not improve quickly, the market could explode overnight.
BREAKING NEWS BRAZILFebruary 15, 2019