News

USA: Could EU purchases help firm up the market?

Peanut Kernel
United States
Published May 2, 2023

Tridge summary

How many acres of peanuts will be planted in the United States and in the biggest state, Georgia? That’s what the market wants to know. With 50% of production coming from […]

Original content

J. Tyron SpearmanContributing Editor How many acres of peanuts will be planted in the United States and in the biggest state, Georgia? That’s what the market wants to know. With 50% of production coming from the Peach State, a 10% acreage increase is significant. It is hard to chase a market you can’t catch. The acreage planting mix is a decision influenced by items such as contract offers from local buying points and shellers, cost of production, prices and costs of competing crops, working equipment, farm labor, availability of chemicals and even seed costs and availability. After a 10% reduction last year, farmers are coming off a good year in 2022 with positive thoughts. Marketing Mix Looking ahead, farmers know an increase in costs of production is certain. So, they are looking for more this year. The current crop market is still very firm with prices in the low 60 cents per pound. Prices seem to have been buoyed by strong demand at home, and by a questionable South ...
Source: Peanutgrower
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