Coming back on our previous crop estimates, it seems that the plenty of rainfall during the last 60 days has favored yields and hectares plantations (to be verified). This week the National Crop Estimate committee announced a total peanut crop of 89,000 MT, witch a too optimistic figure that indicates an average yield of 1.58 MT/HA. Local expert opinion is more that the average yield will be between 1.1 – 1.3 MT/Ha, which will bring the South African Spanish crop to a total production of 61,000 – 73,000 metric tons of farmer stock kernel basis.
We advise to be cautious as a substantial part of the crop has been planted very late and thus exposed to potential issues during a late harvest, to be continued…
