The official release for the department of agriculture of South Africa, planting intentions 48.000 HAS which should give a production of 52.000 tons kernels for the harvest 2020. Final 2019 revised upwards from 15.500 to 19.455 tons.

The official release for the department of agriculture of South Africa, planting intentions 48.000 HAS which should give a production of 52.000 tons kernels for the harvest 2020. Final 2019 revised upwards from 15.500 to 19.455 tons.

COVID19 OUTBREAK - BREAKING NEWS UPDATE

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.

The official release for the department of agriculture of South Africa, planting intentions 48.000 HAS which should give a production of 52.000 tons kernels for the harvest 2020. Final 2019 revised upwards from 15.500 to 19.455 tons.

After this week pre-elections predicting the return of left government, USDARS spiked to 61.99, resulting in high volatility and uncertainty. This situation is positive on a very short term for the exports, but negative on a medium term for future planting 2020. 

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.

Planting new crop Argentina almost finished, under good conditions

With some delay, planting of the Argentina crop is progressing now

Smaller peanut crops in India, will put a high bottom in the global market