Peanut prices start to slide due to expectation of big US harvest

摘要

A LARGE peanut crop from the US, coupled with weak global demand, is expected to have a huge impact on prices, dragging them down from current highs. Estimates for the US crop are at a record breaking 4.99 billion Ibs (up 36% on the previous year). This influx of peanuts entering the global market will reduce the current high prices, not only for the US but throughout the world.