Brazilian peanut production grows more than 100%

Published 2022년 9월 28일

Tridge summary

Brazilian peanut production has seen a significant increase, with an estimated 746.7 thousand tons in the 2021/22 crop, up from 346.8 thousand tons in the 2014/15 crop, marking an 115% rise. This growth is primarily due to an expansion in cultivation areas, with São Paulo state being the largest contributor, accounting for 92.8% of the total production. The majority of the production, around 70%, is exported, with the European Union being the main buyer. However, recently, China has shown growing interest in Brazilian peanuts, potentially opening up new markets.

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

Original content

Brazilian peanut production jumped from 346.8 thousand tons in the 2014/15 crop to an estimate of 746.7 thousand tons in the 2021/22 cycle, an increase of 115%, according to data from the National Supply Company (Conab). The good result is mainly a reflection of the increase in the area destined for the culture, which almost doubles when the two cycles are purchased. The largest peanut producer in the country, the state of São Paulo is responsible for 92.8% of this projection, with an estimated harvest of 692.7 thousand tons and growth expectations. The result represents an increase of 23.3% in relation to the previous state harvest, according to data from the 12th Grain Harvest Survey. “Peanut is no longer a secondary crop and started to occupy new areas, both in the expansion of cultivation in rotation with the sugarcane crop and as a main option for the producer”, ponders the manager of Development and Strategic Support at Conab in Sao Paulo, Marisete Belloli. Most of the ...

Source: Agrolink