Peanut imports to Mexico will grow for two years

Published 2021년 6월 2일

Tridge summary

The United States Department of Agriculture (USDA) has forecasted a growth in peanut imports to Mexico in the 2020-2021 and 2021-2022 cycles, with exports expected to rise to 220,000 tons and 230,000 tons respectively. Despite a decrease in Mexico's peanut production, expected to be 10% lower in the 2021/2022 cycle due to reduced planting area, the United States is expected to remain Mexico's largest peanut supplier. Mexico also imports peanuts from countries like Nicaragua, China, and Brazil, and its production is concentrated in 26 out of 32 states, with eight states accounting for 85% of production. The industry employs 15,000 small farmers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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 ...

Source: MXagronoticias