Peanut price in Argentina increased by +52.71% YoY to USD 2.54/kg in W1 May-22. Adverse weather such as drought and frost disrupted the production is estimated Argentine peanuts output dropped by -7.7% YoY to 1.2 million mt in MY 2021/22. The lower supply of Argentine peanuts push the price to surge in May 2022.
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