Outlook indicates lower peanut prices

Hollis, Paul L.
March 2006
Southeast Farm Press;3/15/2006, Vol. 33 Issue 9, p25
Trade Publication
The article reports on the current market trend for the peanut industry in the U.S. Nathan Smith, an extension economist said, a trim down of acreage for 2006 is possible to lower the prices of peanut. The final cropping of 2005 showed a 15 percent acreage increase across the U.S., but the average yields is lower by four percent in 2004. However, economist are predicting a good year for 2006 in which 1.6 million acres of peanut will be planted and will yield of about 2,850 pounds per acre of peanuts.


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