Argentina: Peanuts will recover export levels after the drought

Peanut Meal
Published Apr 5, 2024

Tridge summary

Argentina's peanut industry is experiencing growth, with the current harvesting campaign covering 400 thousand hectares, a 5% increase from the previous year. The expected yield is 3,500 kilos per hectare, leading to an estimated production of 700 thousand tons. This production aims to recover the export levels of the past five years, excluding the drought-affected previous year. Peanuts are mainly cultivated in Córdoba, with expansion into Santa Fe, La Pampa, and Buenos Aires. Despite declining international prices, the industry does not face withholdings. The last campaign saw a significant drop in production and exports due to drought and administrative challenges. The sector is promoting peanuts as a sustainable crop, emphasizing its importance to the humid pampas region, akin to the cultural and economic significance of yerba mate in Misiones, vine in Mendoza, and sugar cane in Tucumán.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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, ...
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