Heavy Frosts Affect the Peanut Kennel Crop Output by 10-20%

The harvest of the new peanut kennel crop in Argentina is complete. The heavy frosts Argentina faced dropped the crop output between 10-20%, but the crop quality was good. Lower global supply, plus the increasing production costs and inflation, has peanut kennel prices in Argentina at USD 1.5-1.6K per ton in W35. Argentine producers expect prices to climb further as inflation keeps increasing and demand remains high.