Egypt : breaking news, weak Egyptian pound, and higher planting, mixed Despite higher farming costs during 2022 and 2023 peanut plantings increased at least 20 percent. Yield and quality is excellent until now!

We are happy to announce Bohemia Nut BV is bio-certified! Despite the excellent weather conditions boosting peanut yield for 2023, total crop outcome is far to be enough to satisfy the growing demand of peanuts in South Africa, specially for peanut butter. Domestic peanut market will need substantial imports for the peanut season 2023-2024 Argentina being out of the picture due to the unofficial import ban, we expect in this conjecture that Zambia and Malawi will play key factor in South African imports.

Latest peanut planted area and peanut production forecast published by the department of agriculture (SAGIS) area planted 2023, 31’300 Hectares (last year 2022, 43’400 hectares) and production forecast 2023, 49’080 tons peanut kernels basis (last year 2022 was 48’500 tons) Despite the excellent weather conditions boosting peanut yield for 2023, total crop outcome is far to be enough to satisfy the growing demand of peanuts in South Africa, specially for peanut butter. Domestic peanut market will need substantial imports for the peanut season 2023-2024 Argentina being out of the picture due to the unofficial import ban, we expect in this conjecture that Zambia and Malawi will play key factor in South African imports.

Unprecedent frost happened during February 2023, which hasn't been since 1980's Peanut crop is already very late in need of urgent rainfalls. Failing that yields could be drastically affected...to be continued...

Peanut crop South Africa estimates are rising by the day. Exceptional weather conditions are moving the peanut yields expectations up, especially for dry peanut plantings. Our peanut experts are aiming to a 2023 peanut crop of 65,000 metric tons when previous peanut crop estimates was topping 50,000 tons

New crop is now halfway, see our latest movie, pictures received from one of the best farmers in the northwest province. We still have about 60 days to go and if weather remains has the last 65 days, we should have a decent output. Prices will remain extremely firm due to the lack of supply, 45’000 hectares planted are not sufficient to satisfy the local consumption.

With 20 percent dug out it seems harvesting is delayed due daily rain or drizzle. Despite bumper yield hardly any offers since crushing plants are paying high price to get stocks for peanut oil

Argentina : despite the rain relief the past week, where 70% of the crop areas received sufficient rain, market is left without any incentive for sellers to offer new crop.

South Africa market is falling short in supply due to the yield losses during 2022 rainy harvesting; expected output was 40’000 tons instead of the 65’000 tons expected.

CEC latest issued their 6th estimates on July 25, 2019 crop calling for a crop of 18.880 tons down 66.88 percent vs. last year. We believe that actual crop output could be as low as 15.000 metric tons. Things have not changes in South Africa. Buyers will need to import a lot of peanuts (at least 50.000 mt) from African countries and other main edible countries like Argentina or Brazil.