Peanut Market News March 08, 2018
Gravity is the combination of very high production costs, an extremely low international price and a historical drought whose future is an open end. Unofficial sources assure that 40% of the area would be good, 30% regular and 30% bad.
The expectations of the peanut crop in argentina continue getting worse day-by-day for the lack of rains. The moisture reserves in most of the soils do not virtually exist.
Clearly, there are already areas where the recovery is impossible and peanuts definitely go to very low yield expectations.
The most affected areas greatly exceed the areas that remain with better condition.
Most farmers had to intensify the treatments to control the “spider”, which under these conditions of heat and drought these grow exponentially and potentiate the damaging effects of stress.
A report elaborated by the pret iii of the inta, reported on the situation of summer cultivars in the area in the aer ucacha that serves the localities of ucacha, bengolea, chazón, pascanas, etruria, pasco and ticino,
For this reason, the estimated production in this region (ucacha, bengolea, chazón, pascanas, etruria, pasco and ticino) will be 50% lower than in the previous year and of low quality.
Source: Georgalos peanut world (Andrés h. "hari" georgalos)