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ARGENTINA PEANUT CROP UPDATE

Peanut Market News October 26, 2018

ARGENTINA PEANUT CROP UPDATE

The ARGENTINE PEANUT CHAMBER reported its First Peanut Planting Estimate for the season 2018/19 in Argentina.

The figures published imply a reduction of the planted area estimated at 16% regarding the immediate previous cycle. 

The poor results of the season 2017/18, together with the high impact of the re-installation of EXPORT TAXES and the reduction of EXPORT REFUNDS, as well as the scarce opportunities for access to financing sources, these explain the current decrease in the cultivation surface.

A new season for the peanut cultivar is beginning, which we hope it will be different and much better than the previous ones,

We have gone through the first days of October with unfavorable conditions to give an early start to the peanut planting. The rains are delayed and the temperatures have been moderately cool.

Also it must be added the POOR QUALITY OF THE AVAILABLE SEEDS, which is explained by the STRONG WATER STRESS that the cultivar suffered during the last season and the "MAJOR ADVERE WEATHER SYSTEM" with excessive humidity and temperatures higher than normal, which occurred between April and May, when most of the lots destined for seed production were dug, waiting to be harvested.

Nevertheless, planting has begun in some areas, a bit  later than in previous seasons, but the important operating planting capacity of the productive sector will allow, as soon as the climatic conditions improve, take the vertiginous rhythm that producers and contractors can impart it.

It is estimated that THE SURFACE TO BE PLANTED DURING THE SEASON 2018/19, IT WILL BE LESS THAN THE LAST ONE. IT IS QUIET PROBABLE THAT THE DECREASE BE MORE THAN 15-20%.

Source: GEORGALOS PEANUT WORLD

 

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