Peanut Market News – May 23, 2016

PEANUT SEED FOR SALE

Banner Peanut and Grain in Tifton, GA has GEORGIA 09B (High Oleic) and FLORUN 107(High Oleic).  Kenny Brownlee at Banner Peanut and Grain at 229-382-9600 or E-mail kennyb@planttel.net

 

EXPORTS OF U.S. PEANUTS

From Foreign Agricultural Service for August 2015-March, 2016(7 months) (MT=Metric Ton)

Country

Aug 14-Mar15

Aug15-Mar16

Mar 15

Mar 16

Country

Aug14Mar15

Aug15-Mar16

Mar15

Mar16

Export Raw-Shelled Peanuts (MT) UP + 3.3%

In-Shell Peanuts (MT) UP + 39.6%

Canada

54,401

59,724

5,180

6,995

China

10,812

37,857

242

12,699

Mexico

40,941

49,996

6,725

7,672

Germany

6,855

11,430

827

1,459

Netherlands

23,486

14,414

2,941

725

Vietnam

4,674

3,917

569

852

Vietnam

4,408

9,465

1,930

4,402

Canada

3,735

3,326

353

374

United Kingdom

7,644

8,059

689

1,304

Spain

3,191

2,646

584

74

TOTAL (U.S.)

158,204

163,456

21,244

25,150

U.S.

53,735

75,005

4,581

16,849

Peanut Butter Exports (MT) UP 5.4%

     TOTAL PEANUT EXPORTS (MT)  UP + 8.6%

Canada

12,386

11,716

1,437

1,449

U.S.

279,865

303,898

35,281

49,942

Germany

2,145

2,986

384

588

U. S. peanut exports are showing positive numbers in all three areas and total exports were up 41.5% comparing March 15/March 16.  Raw shelled peanuts were up 3.3% with Canada and Mexico top buyers.  Peanut butter shipments were up 5.4 % with Canada top buyer.  China was by far the top buyer of in-shell peanuts followed by Germany and Vietnam.  The value of $454 million was up 3.6% with total volume up 8.6%.  U.S. could use up some carry-forward with this trend. 

         

Nigeria

2,488

2,198

57

2

Mexico

1,327

2,832

463

405

Japan

967

951

195

25

TOTAL (U.S.)

31,308

32,984

4,013

3,833

Pnts Blanched

21,449

19,793

3,294

2,515

Crude Pnt Oil

2,167

1,000

31

157

Ref. Pnt Oil EXP

2,642

1,589

399

171

                                   

 

FAS PREDICTS FEWER PEANUTS WORLDWIDE

Global peanut production in 2016/17 is forecast to decline slightly to 40.2 million tons, as predicted by the Foreign Agricultural Service of USDA. While this is the third largest on record, growing demand is expected to lead to a drawdown in global stocks.

Production in the U.S. is forecast to decline this year in response to a large carry-over and producers shifting acreage back to cotton and other crops. All other major producers expect to see slight increases in production. The total tally will be 1.9 million tons higher than last year, reflecting a rebound in India and Sudan. Global peanut trade is expected to recover after declining year-over-year in 2015/16 with exports forecast to reach 3.0 million tons. In addition to higher food use, growing demand in China for crush peanuts will add to import demand.  Argentina will continue to be the world’s largest exporter with exports forecast to reach 800,000 tons in the coming year. The recent devaluation of the peso will augment competitiveness in the global market and help retain its dominant position in the European market.

  • U.S. exports are forecast to rise to 601,000 tons.
  • Argentina’s exports are up 25,000 tons to 800,000 on larger supplies and a continued strong competitive position from a lower peso.
  • China’s exports are unchanged at 500,000 tons.
  • India’s exports are up 20,000 tons to 550,000 due to a rebound in production
  • EU peanut imports are nearly unchanged at 830,000 tons.

 

via Peanut Farm Market News, a peanut hotline service of The Spearman Agency, Tyron Spearman, editor