Peanut imports to Mexico will grow for two years

Peanut imports to Mexico will grow in the 2020-2021 and 2021-2022 cycles (each started in September), the United States Department of Agriculture (USDA) projected. After totaling 188,000 tons in the 2019-2020 season, peanut imports to Mexico would grow to 220,000 tons. Likewise, according to the same forecast, these external purchases would later grow to 230,000 tons in the 2021-2022 cycle. According to private sources, Mexican processors identify the US peanut as a high-quality product and consider it a tastier legume due to its high levels of oleic acid. The long-standing business relationships that Mexican peanut importers have with US suppliers also benefit US peanut exports. Mexico exports a small volume of peanuts each year, with the United States being the main export market. The USDA forecasts that Mexico's exports will remain unchanged at 24,000 tons in the 2021/2022 season, due to lower domestic production. The United States continues to be Mexico's largest peanut ...