This year, the world’s peanut seed output is set to reach a record 50.7M tonnes, increasing by 2.3% y/y. Peanut prices are to remain stable thanks to boosting supply this year.
The average peanut seed price on the Rotterdam exchange (CIF; US Runners 40/50%, Shelled Basis) amounted to $1,525 per tonne in January 2022 and was nearly unchanged compared to January 2021.
According to IndexBox estimates based on USDA data, global groundnut production will rise by 2.3 y/y to 50.7M tonnes in 2022. World’s imports are forecast to drop slightly from approx. 4.6M tonnes in 2021 to 4.5M tonnes this year. China leads global peanut seed production, accounting for 36% of the total volume; India follows with a further 13%-share.
In 2022, China’s peanut production is expected to rise by 1.2% y/y 18.2M tonnes, while India’s output is to grow by 1.5% y/y to 6.8M tonnes.
Global peanut imports
In 2020, approx. 461K tonnes of ground-nut (in-shell) were imported worldwide; with an increase of 82% on the previous year. In value terms, supplies surged to $415M (IndexBox estimates). China prevails in groundnut imports structure, resulting at 320K tonnes, which was near 69% of total volume in 2020.
Peanut grower increases yield with precision ag tools
It was distantly followed by Italy (23K tonnes), committing a 5.1% share of total imports. The following importers – Germany (19K tonnes), Spain (13K tonnes), Viet Nam (9.4K tonnes), Thailand (8.3K tonnes), Canada (7.6K tonnes) and Indonesia (6.9K tonnes) – together made up 14% of total supplies.
In value terms, China ($182M) constitutes the largest market for imported ground-nut (in-shell) worldwide, comprising 44% of global volume. The second position in the ranking was occupied by Italy ($52M), with a 13% share of global imports.
It was followed by Germany, with an 8.1% share. China’s value of groundnut imports increased fivefold in 2020. In the other countries, the average annual rates were as follows: Italy (+7.8% y/y) and Germany (+1.4% y/y).
Top leading peanut exporters worldwide
The U.S. dominates groundnut exports structure, reaching 312K tonnes, which was approx. 74% of total volume in 2020. It was distantly followed by China (28K tonnes), comprising a 6.6% share of total exports.
The following exporters – Israel (18K tonnes), Senegal (15K tonnes), India (12K tonnes), Viet Nam (6.9K tonnes) and Uzbekistan (6.8K tonnes) – together made up 14% of total supplies.
In value terms, the U.S. ($243M) remains the largest groundnuts supplier worldwide, comprising 67% of global exports.
The second position in the ranking was occupied by China ($34M), with a 9.4% share of global value. Israel, with a 6.4% share, followed China.
South Africa -
Not much increasing hectares in Groundnut production.
South Africa mainly produces the Spanish type peanut (Common Natal), which has a particular round shape. The common natal originates from the time that the Oilseeds Board supplied all the farmers with seeds for planting (cultivar Natal Common, developed by the Department of Agriculture). At a later stage, the Natal Common was replaced by the Sellie, which has similar characteristics.
In January 2022, the fertiliser prices remained elevated. For example, KAN/LAN (28), Ureum (46), and Kaliumchloried prices were, respectively, up by 127% year-on-year, 182% and 114% in January 2022, selling at about R13 933, R19 876 and R13 816 a tonne. Herbicides show a similar price trend. For example, Glyphosate, Acetochlor and Atrazine prices were, respectively, up by 211% year-on-year, 139% and 143% y/y in December 2021.
Regarding insecticides, Imidacloprid, Lambda-cyhalothrin, and Acetamiprid prices were, respectively, up by 124% year-on-year, 45% and 121% in December 2021.
Not much information available regarding Groundnuts in South Africa in 2022-
