Weekly Product Updates

W45: Peanut Update

Raw Peanut
Bangladesh
Market & Price Trends
Peanut Kernel
El Salvador
Published Nov 15, 2023
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In W45 in the peanut landscape, a total of 7.32 thousand small and marginal farmers in Amtali Upazila, Bangladesh, are set to receive free seeds and fertilizers as part of an agriculture incentive and rehabilitation program for cultivating peanuts, maize, mustard, and sunflower in the Rabi season. Notably, the number of farmers in the district has significantly increased in the financial year (FY) 2023/24.

Peanut harvest volumes are progressing well among seasonal farmers in Choix, Sinaloa, with an average yield of approximately 400 tons per hectare (ha). Despite challenging weather conditions such as limited rainfall, peanut crops have exceeded expectations and performed better than anticipated. The president of the 14th Peasant Committee in Choix noted that the peanut harvest is approaching completion, and prices range from USD 864.28 to 1,037.14 per ton (MXN 15,000 to MXN 18,000/ton). Despite water scarcity, peanuts in the region have advanced, and farmers anticipate completing the harvest in early W48. The season has been more favorable for peanuts compared to other crops like sesame and watermelon, which faced challenges due to insufficient rain and hailstorms.

Lastly, in the El Tamarindo hamlet of El Jute canton in Texistepeque, El Salvador, hundreds of families have been cultivating peanuts for many decades, making it their primary economic activity. Peanut cultivation is a major activity for around 50 farmers in the area, with a planting season from May to August and a 98-day cycle for the peanuts to mature. However, climate change and labor shortages have led to a decrease in peanut production in recent years.

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