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About 50% losses of the potential historical yields of Argentina reported

Peanut Market News March 19, 2018

About 50% losses of the potential historical yields of Argentina reported

Since December, the region has received less than half of the usual rainfall. By the end of February, the situation had grown even bleaker. At less than 25 percent of the usual February rainfall, scattered showers were far too light to break the months-long drought. 

Temperatures well above average have only exacerbated the loss of soil moisture. 

Argentine PEANUT crop conditions have declined sharply as a consequence. 

The persistent dryness deterred peanut crop and in some locations the likelihood of crop abandonment is escalating. 

The Argentine peanut withstood another climate period of SEVERE DROUGH as in the past weeks.

There were no precipitations, it continued the hot weather in all the main peanut belt of Argentina, and this contributes to worsen the general situation of peanut cultivars.

The moisture reserves in most of the soils are almost nonexistent.

With these weather conditions, the only visible change in the cultivars is the progressive deterioration of their vegetative / productive state that has been observed and described for more than 55 days.

Those areas where the contribution of the aquifer or the occurrence of some more significant localized rain show a better condition, but those same areas already began to show the adverse effects of this DROUGHT, strongly installed in the area of greater agricultural significance of Argentina.

There are no encouraging forecasts in March, although the cultivar is tough. February is the critical month. Already in March, if the peanut makes production, we begin to depend on the cold and the frosts because we are going to delay up to more of 50 days of its normal cycle. 

Therefore, if it does not rain in the coming weeks, we could talk about very important losses, around 50%

Source: Georgalos Peanut World

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