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Trade4go
Apr 4th, 2025
Original content
Argentina's peanut export sector has seen significant growth, with export revenue reaching a record USD 1.186 billion in 2024, doubling in value over the past decade. Córdoba province contributes 77% of national production. For the 2024/25 campaign, Córdoba is expected to produce 713,000 metric tons (mt) of peanuts. Argentina's peanut exports primarily target the European Union (EU), with the Netherlands and Poland being major destinations. Despite a decrease in export volume to 654,000 mt, higher prices have led to increased revenues. The sector's growth is attributed to higher yields, technological advancements, and strong international demand for processed peanut products like snacks, butter, and oil.
In Bangladesh, production of oilseeds, including peanuts, is expected to grow in the 2025/26 marketing year (MY), driven by rising demand for edible oils and animal feed. Total oilseed production is forecasted at 1.84 million metric tons (mmt), a 5.7% increase from the previous year, with significant contributions from mustard/rapeseed, soybeans, and peanuts. Peanut production plays a key role in meeting local demand for edible oil. As the demand for animal feed continues to rise, particularly for poultry and aquaculture, peanut meal, along with soybean meal and rapeseed meal, is a crucial protein source. Crushing of oilseeds, including peanuts, is projected to increase, supporting both the feed and edible oil industries.
Bolivia is advancing negotiations to export peanuts, along with other agricultural products, to international markets such as Egypt and Chile. As part of efforts to diversify agricultural exports, Bolivia plans to ship peanuts, avocados, llama by-products, and Amazonian fruits to these countries. The push for exports comes as Bolivia works to reduce dependence on traditional markets and strengthen its agricultural sectors, including livestock and dairy.
India has launched the National Mission on Edible Oils and Oilseeds (NMEO-OS) with a budget of USD 1.18 billion (INR 101.03 billion) to increase domestic oilseed production to 70 mmt by 2030/31. The mission aims to reduce reliance on imports, which currently account for 57% of the country's edible oil needs. Key targets include boosting production of major oilseeds such as peanuts, soybeans, and rapeseed-mustard, and improving processing efficiency. Additionally, the government has raised import duties on crude and refined oils to support local production and reduce dependency on imports, which is expected to enhance self-sufficiency in edible oils.
In the United States (US), peanut prices rose to USD 0.57 per kilogram (kg) in W13, reflecting an 11.76% increase week-on-week (WoW) but a 5% decline year-on-year (YoY). This price shift is driven by uncertainty surrounding the upcoming planting season, as farmers assess peanut acreage in light of weak cotton prices. Longer-term supply concerns are also emerging due to limited crop rotation, which may affect quality and yields. Market sentiment remains mixed—some buyers are locking in early contracts, while others are waiting for potential price softening. Additionally, recent tariff changes could disrupt trade flows to major export destinations such as China, Canada, and Mexico, adding further volatility.
Brazil's peanut prices rose to USD 3.54/kg in W13, reflecting a 16.07% WoW and a 4.73% YoY increase. The peanut harvest is halfway through, with farmers generally satisfied with both quantity and quality, though concerns remain over weather conditions. A prolonged rainy season could delay harvests and potentially reduce yields, which would negatively affect production. After a weak crop last year, Brazilian exporters are adjusting pricing strategies to regain market share, particularly in non-European markets, where aggressive pricing could disrupt traditional suppliers like the US and Nicaragua. This shift, along with potential harvest disruptions, could introduce volatility into global peanut prices as Brazil competes for market share. The full impact on prices will depend on how weather conditions influence the remaining harvest.
Argentina should continue diversifying its export destinations, particularly focusing on emerging markets in Asia and Africa to offset potential risks in its primary EU markets. Expanding trade agreements and targeting these regions could help stabilize export volumes, particularly in the face of fluctuations in global demand for processed peanut products.
Given the volatility in Brazil's peanut harvest due to weather risks, Brazilian exporters should develop flexible pricing strategies that can quickly adapt to market conditions. Enhancing forecasting tools and adjusting production plans based on weather patterns can mitigate the impact of potential disruptions, ensuring stability in global peanut markets.
Bangladesh's increasing demand for peanut meal for animal feed presents an opportunity for growth in the processing sector. Investment in processing infrastructure for peanuts and peanut meal can enhance local supply chains, meeting both domestic oil and feed demands while providing export opportunities for value-added products.
Sources: Tridge, Ukr AgroConsult, Agro Meat, La Voz
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