First Report on 2018/19 Peanut Supply and Demand in Argentina

Based on the yearly industry survey on yields conducted in March, the Argentine Peanut Chamber is reporting a new supply and demand estimation for 2018-2019.

The good weather conditions up to the end of March 2019 favored the development of the crop leading to an estimation by growers of a yield of 2.4 MT per hectare (kernel basis). Such yield would lead to a total production of 852,000TM, which amounts to a 24% increase compared to 2018.