Opening of the Chinese market for Brazilian peanuts encourages producers in the 2022 harvest

According to the National Supply Company (CONAB), Brazilian peanut production increased from 346.8 thousand tons in the 2014/2015 harvest, to an estimated 746.7 thousand tons in the 2021/2022 cycle, an increase of 115%. . The good performance, according to researchers at the institution, is related to the increase in the area destined for culture. According to CONAB, most of the peanuts grown in the country are exported, 70% of the production is destined for the international market, mainly for European Union countries. Other important buyers are Russia, Ukraine, the United Kingdom, Colombia, South Africa and Mexico. With the war installed between Russia and Ukraine, the concern of peanut producers has increased, as exports to both have been affected since February this year, when the war started. But CONAB researchers believe that China has shown increasing interest in Brazilian peanuts. According to Fábio Pizzamiglio, director of Efficienza, a company specialized in foreign ...