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Sunday, October 2, 2011

Southeast Farm Press reports Peanut Shortage

Here are some excerpts from the Southeast Farm Press article, August 15, 2011:

"A perfect storm  is brewing,  consisting of a poor quality in 2010 crop, a lower than expected planting acreage in 2011, a poor growing season in 2011 and growing demand for peanut products.
If all these factors come together, it could be a devastating storm for the peanut industry to weather."

"Leek says from his perspective, there is better than a 30 percent chance that by the time this year’s crop is dug, we will run out of peanuts.
As of mid-July, there were less than 550,000 tons of peanuts in the U.S. pipeline. It takes 150,000 to 160,000 tons per month for the U.S market. Even with ideal harvest time weather, it will be a tight fit to get 2011 peanuts into the pipeline before we run out."

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