High indicators of the global peanut market of the past season will continue this year.

Argentina lost 47,000 ha of peanut harvest due to the rains in 2016, plus the collected peanuts had significant quality losses. Despite this, the producers are determined to increase the production of peanuts this year, with an emphasis on international markets. However, in the process of preparing for the sowing season in 2017, rental prices for land jumped from $525 to $900/ha, which would cause a significant increase in peanut purchase prices for farmers. Although Argentine officials expect the growth of acreage under peanuts, in reality, their size will depend on the prices of corn and soy.

The peanut harvest in the US is sold, but peanut prices for this season are still unknown, and buyers switched to peanuts from China (17.5 million tons) and India (5 million tons). Argentina delays delivery to Europe due to the quality, which requires re-processing.

Argentina's problems with the peanut crop in 2016 open the chance for the United States to strengthen its position in the European markets, but it is not easy to meet the EU's quality requirements.

USA

Due to the impact of bad weather during harvest, according to the final assessment, the peanut crop yield will be 2.84 million tons, which is 9% less than the previous estimate (3.2 million tons). At the end of the year, the carryover remains of peanuts in commercial storage were 1 977 663 tons against 2,431 255 tons a year earlier. Peanut proposals from the United States are limited due to the high level of aflatoxin. The lowest standardized price level for raw Ranner 40/50, meeting the requirements of the EU specifications, is $1,650/ton. Exporters do not offer peanuts for a new crop, but some sources report about $1,700/ton. 

China

In the peanut market is quiet. There are rumors of the poor quality of peanuts and problems with supplies in the domestic market due to the too high humidity of beans. The price of peanuts is quite high. If we are talking about the crop of 2016 that meets the specifications of the EU, we will see the following picture: Raw Edible Hsuji 40/50 - $1780/ton, Raw Red skin 50/60 - $1750/ton., Crude Virginia 24/28 - $1850/ton.

India

The demonetization of Indian rupee has hit the entire economy of India, but the peanut industry is gradually returning to its usual course.

The market offers the crop of 2016 g of the following species:

JAVA (Gujarat - does not meet the specifications of the EU) 140/160 - 910 USD/t, 90/100 - 1075 USD/t, 80/90 - 1095 USD/t. And 50/60 to $1,110/ton. Terms of delivery - CPT China and Hong Kong.

BOLD (Raw Gujarat - does not meet the specifications of the EU) 50/60 - 1030 USD/ton. And 40/50 UDS - 1080 USD/ton. Terms of delivery – C&F China and Hong Kong.

Brazil

According to the report of the Brazilian national peanut producers company CONAB, production increased by 0.5% to 390 700 tons during the 1st (main) planting season in 2016-2017. Producers say a greater yield per hectare + 0.4% Up to 3538 kg/ha and an increase in acreage by 0.1% to 110,400 ha.

The minimum price level for peanuts in the 2017 crop that meets the EU specifications for raw Edible Runner 40/50 is $1,600/ton. 

Senegal, Guinea-Bissau

Farmers amicably harvest the peanuts. The weather is good, and they are dried in the field. Farmer prices for peanuts in shells range from 0.33-0.34 US $/kg but are expected to grow to $0.38/kg. Local market experts believe that this season the export prices for peanuts will be higher than last year.