TITLE

Outlook indicates lower peanut prices

AUTHOR(S)
Hollis, Paul L.
PUB. DATE
March 2006
SOURCE
Southeast Farm Press;3/15/2006, Vol. 33 Issue 9, p25
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
20302693

 

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