Stocks in warehouses in the Netherland and Belgium are steady, spot market is still very quiet for the time of the year. Market seem to be well covered until now...
Large crop, large area, unfortunately rain during harvesting is never positive. Since last week rainfalls have delayed, stopped harvesting. This situation endures in most provinces in Northern China, Liaoning, Jilin ETC.. Hsuji (runner) type of peanuts id specially the most affected. Farmers are expecting higher prices so very little activity, good quality peanuts will remain a challenge; situation to watch...
Current crop 2017 after harvesting completion, due to long delays due to the humid weather during June, July and August 2017, The last part of the crop is of a worse quality, very difficult and costly to process; FFA% and dirty faces growing into a bigger problem. Quality will be a challenge in the next few months. New crop, planting completed so far so good, good germination already noticed.
New crop 2017-2018 planting should have started in October in the Free State area and one week ago in the North West province. The outlook was very positive and expected planting area above 60.000 hectares, Our experts estimate a potential loss of at least 30% decrease in planted area for the next new crop season 2018. no more planting option for the free state, potential for the next 10 days in the North west and Limpopo areas.