News

Use of edible peanuts increases 2% in the US

Raw Peanut
Peanut Meal
United States
Market & Price Trends
Published Nov 30, 2023

Tridge summary

According to data from the USDA, the use of edible peanuts has increased by 2% this season compared to the previous year. Peanut reserves in commercial storage as of October 31, 2023, were 3.63 billion pounds, lower than the 4.87 billion pounds in the previous year. Shelled peanut reserves accounted for 567 million pounds, and commercial processors used 205 million pounds for peanut butter, candy, and snacks.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The use of edible peanuts this season to date has shown an increase of 2% compared to the previous year, according to data released by the United States Department of Agriculture (USDA). Peanut reserves in commercial storage reached 3.63 billion pounds as of October 31, 2023, equivalent to farmer inventory, compared to 4.87 billion pounds in the previous year. This total includes 3.03 billion pounds of real farmer inventory. See also: New companies are authorized to export peanuts The stock of shelled peanuts reached 567 million pounds, equivalent to the farmer's stock, while reserves destined for roasting totaled 30.0 million pounds. Of shelled peanut reserves, 427 million pounds were accounted for, of which 403 million pounds were edible quality and 23.7 million pounds were oil reserves. Edible quality reserves included 73.9 million pounds of Virginias and Valencias, 316 million pounds of Runners and 13.0 million pounds of Spanish. Crushing in October reached the mark of 377 ...
Source: Agrolink
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