THE ARGENTINE PEANUT CLUSTER.

EXPORTS

Peanut accounted for over 10% of total exports in the Province of Córdoba in 2012, amounting to exports’ volumes whose turnover exceeded 1 billion dollars. This export volume accounted for 1.5% of the total seed exports in Argentina in 2013.

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Exports’ volume, which used to be cyclical and concentrated in certain months of the year, is now less seasonal and extends throughout the year due to investments in cold storage facilities and the use of high oleic acid varieties, which grants the finished product greater stability (shelf life).

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Due to different weather, market and cyclical conditions of international markets, the exports’ volume in the sector has dropped in the last three years, with a total accumulated 13% reduction.

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Notwithstanding, the commercial decisions adopted by the companies in the SAM, have enabled the development of new markets and destinations for Argentine exports, extending to a total 106 countries in 2013. Upon displacing China, India and the United States, Argentina has consolidated as the largest peanut exporter worldwide.

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The peanut sector, in pursuit of new markets, has specialized in the operation and legislation of imports in the destination countries, relying on a quality assurance system unparalleled in the world. Such excellence of its products enabled to grow the number of exports’ destination by over 26%.

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The initiatives of the sector, and moreover, the excellence of their products, allowed it to sustain a price differential that, in spite of the fluctuations in the planted area and the drop in exports’ volumes, resulted in an increase in revenues for the country, with 14.8% growth in the activity rate for 2008, according to INDEC statistics.

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