Brazil: Peanut harvest in the interior of São Paulo should exceed one million tons

Published Mar 23, 2023

Tridge summary

Brazil's interior São Paulo peanut crop is expected to surpass one million tons, marking a 20% increase from the previous year and the best harvest in recent years. This growth is attributed to favorable weather conditions, increased demand for chocolate, and recognition of peanuts' nutritional benefits. São Paulo, which accounts for over 90% of Brazil's peanut production, has employed specialties and techniques that have yielded significant results. In 2022, the price of a peanut bag rose from R$60 to R$90, indicating increased production and investment. Over the past eight years, Brazilian peanut production has seen an 115% increase, with São Paulo contributing 92% of this growth. The country also expects to expand its peanut exports to the European Union, which imported 70 thousand tons from Brazil in the previous year.

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

Original content

The peanut crop in the interior of São Paulo is growing. According to the Peanut Sectorial Chamber, the expectation is that production exceeds one million tons, growth of 20% compared to the previous year, being the best harvest in recent years. Brazil hopes to increase peanut production in 2023, with the support of international partners, the growth in demand for chocolate and recognition of the nutritional properties of the product. The weather is one of the factors that favored the increase. According to specialist Leonardo Sodré, CEO of GIROAgro, one of the largest fertilizer companies in the country, “today more than 90% of peanuts in Brazil are produced in the state of São Paulo. This year, the state has been the protagonist of its specialties and techniques, with that it is generating results that impact our agronomic visibility”. In 2022, a bag was being sold for around R$60 and currently the quotation is already reaching R$90. With the growth, producers are investing even ...

Source: NoticiasAgricolas