Thanks to the abundant rains, the department of agriculture has forecasted a production of 52’000 tons kernels for the new season 2020, despite the fact that a large part of the crop was planted extremely late after December 15 2019
our experts do not expect a new season production higher than 42’000 tons farmer stock kernels.
Harvesting has been stopped and delayed and resume finally a few weeks ago , it seems that our doubts from our latest breaking news South Africa have been correct, and very late and delayed harvesting is resulting in lower yields.
USDZAR hovering between 17 and 18 resulting of expensive imports, this could be bullish for the domestic market.
South Africa: Peanut Harvest 2020 delayed for 6 weeks , lower yields, bullishBREAKING NEWS
