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In July 2022, the groundnuts price amounted to $1,842 per ton (CIF, United Kingdom), declining by -2.9% against the previous month.
In 2022, peanut prices are forecast to remain stable due to rising global production. This year, the world’s peanut seed output is set to reach a record 50.7M tons, increasing by 2.3% y/y.
In 2020, in-shell groundnut exports from the U.S. rose twofold in value terms and threefold in terms of volume thanks to explosive demand from China. The total volume of exports reached $243M or 312K tons. China remains the key destination for groundnut supplies from the U.S., accounting for 85% of the total figure. At the same time, shipments from the U.S. constitute 97% of the Chinese peanut imports.
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