Argentina: Peanuts will recover export levels after the drought

The plucking and harvesting of peanuts began in our country, the current campaign includes 400 thousand hectares with a 5% year-on-year growth. On the farm, 3,500 kilos per hectare of average yield are expected. This year the production estimate would reach 700 thousand tons, recovering the export levels of the last 5 years, with the exception of the previous year when it fell due to drought. Peanuts do not pay withholdings, although international prices are declining since supply will increase, as from Argentina after the drought. The oilseed is 75% grown in the province of Córdoba and is expanding in Santa Fe, La Pampa, and Buenos Aires. Although the crop has a bad press agronomically, it includes good agricultural practices with sustainable production. and the impact of the area is minimal compared to the rest of national production. The last campaign suffered the impact of the drought with a drop in production of 40% and consequently in exports with 420 thousand tons, ...