Tridge summary
In 2023, peanut producers faced a critical season following a drought that resulted in a 40% loss in production. Despite challenges, favorable weather conditions allowed for a rebound in production, with the total surface area exceeding initial estimates and yields being very good. International prices are expected to remain stable due to a sudden decrease in stocks from the previous campaign and the European Union depleting its deposits. This means demand will remain strong, ensuring stable prices for peanut producers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
“Peanuts always give you a second chance” say those with gray hair, and boy does it give them a second chance. In October 2023, producers knew they were facing a key campaign. They had had a couple of tight years and a last drought caused a 40% loss in production, which meant there was not much room for maneuver. Finally, the weather was on their side and with production without withholdings, producers once again bet on the crop. Agricultural engineer Ricardo Díaz, a specialist in peanut cultivation, pointed out that “the total surface area at the national level was above the first estimates and that the yields, in general, have been very good,” according to the TodoAgro portal. At the same time, ...
Source: On24
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