Peanut stocks in the US: Utilization down 1%, 2.8bln pounds in storage

Published 2022년 7월 27일

Tridge summary

As of June 30, 2022, peanut stocks in commercial storage significantly increased to 2.77 billion pounds from 2.38 billion pounds a year earlier. The stocks consist of 1.97 billion pounds of actual farmer stock and 769 million pounds of shelled peanuts. Edible grade stocks made up 578 million pounds, with 550 million pounds being edible and 27.8 million pounds being oil. In June, millings totaled 408 million pounds, and commercial processors used 205 million pounds of shelled edible grade peanuts. Deliveries for the Government Domestic Feeding and Child Nutrition Programs reached 1.97 million pounds of peanut butter and 130 thousand pounds of roasted peanuts. Treated seed stocks decreased to 1.90 million pounds from 12.7 million pounds in May 2022, with 1.24 million pounds being Runners.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Peanut stocks reported in commercial storage on June 30, 2022 totaled 2.77 billion pounds of equivalent farmer stock, compared with 2.38 billion pounds a year ago. This total includes 1.97 billion pounds of actual farmer stock. Shelled peanuts on hand totaled 769 million pounds of farmer stock equivalent. Roasting stock totaled 31.5 million pounds. Shelled peanut stocks totaled 578 million pounds of which 550 million pounds were edible grades and 27.8 million pounds were oil stocks. Edible grade stocks by type included 76.4 million pounds of Virginias and Valencias, 441 million pounds of Runners, and 32.9 million pounds of Spanish. Millings in June totaled 408 million pounds. Millings by type were 45.9 million pounds of Virginias and Valencias, 346 million pounds of Runners, and 16.2 million pounds of Spanish. Commercial processors utilized 205 million pounds of shelled edible grade peanuts during June. Utilization by type was 114 million pounds for all peanut butter products, ...
Source: Agfax

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.