W12 Peanut Update: New Yield Record in Arkansas and Growing Cultivation Popularity in Australia

Published 2024년 3월 30일

In W12 in the peanut landscape, peanut yield in Arkansas, US, achieved a new record of 2.35 thousand lb/ha in 2023, and the cultivation area is expected to exceed 16.19 thousand ha in 2024. In addition, peanuts have become a popular crop for farmers in central Queensland, Australia, due to their high economic value and low investment. Lastly, Paraguayan peanut exports experienced a significant increase in the first two months of 2024, with a 407% YoY rise in revenues and a 307% YoY increase in volume, according to the CBP.

Arkansas Sets New Record for Peanut Yield

Arkansas, United States (US), set a new record for peanut yield with 2.35 thousand pounds (lbs) per hectare (ha) in 2023, covering over 14.16 thousand ha in this region. The cultivation area is predicted to exceed 16.19 thousand ha by 2024. Nevertheless, the crop faces challenges such as irrigation problems and the prevalence of Southern blight and pigweed, which could impact the forecasts.

Central Queensland University to Host High-Value Crop Field Day Showcasing New Peanut Variety

Due to their high economic value and low investment, peanuts have become the first choice for farmers in central Queensland, Australia. On April 18, 2024, Central Queensland University will organize a High-Value Crop Field Day event, showcasing a new peanut variety with great potential. The event aims to highlight the advancements in local grain management systems and the diversification of the northern cropping industry.

Paraguayan Peanut Exports Reach Record High in First Two Months of 2024

According to the Central Bank of Paraguay (BCP), Paraguayan peanut export revenues reached a record high of USD 3.1 million in Jan-24 and Feb-24, representing a significant 407% year-on-year (YoY) increase. The export volume increased by 307% YoY to 2.19 thousand metric tons (mt). Moreover, the average export price rose by 25% YoY to USD 1418/mt compared to USD 1137/mt in the same period of 2023.

Over the past five years, Paraguay has witnessed consistent growth in peanut shipments. In 2023, the country exported 13.05 thousand mt of peanuts, generating a record income of USD 19 million, higher than the record set in 2012 when the export value was USD 13.9 million.