Peanut Market Update – February 2022
2022 Argentinean peanut crop has been developing well so far given the local climate. Hot weather and drought conditions a be a farmer’s worst nightmare, however these conditions have proven to be beneficial to new crop growth. Soil moisture is very low in regions that have seen the worst of drought conditions, leaving many farmers highly reliant on the rains which are expected to start in the coming weeks. Argentina saw some rain towards the end of January which came just in time for farmers fearing the loss of their crop. Farmers are expecting a good crop yield this year, and we hope to continue to see good crop reports in the coming months.