Bionot Logo2018

Argentina’s peanut farmers reduced their plantings over 15% to 20% for the 2018/2019 growing year. The drop comes on the heels of a horrible growing season in the 2017/2018 cycle.

Several factors contributed to the expected decline.
First, poor growing conditions during much of the season drastically reduced yields and farmers’ enthusiasm to plant as many acres. Farmers endured long and excessive periods of wet, cold conditions during key periods.

Due to budget deficits, the government also has triggered export taxes and reduced export refunds.

Beyond that, tighter crop loan availability, discourage growers from planting as many acres as they might otherwise have planned.

Added to that, seed quality is less than ideal. During April and May when seed peanuts have been gathered, the weather prevented farmers from harvesting on time and much of the seed supply went through a prolonged period of excessive rain, saturated soils, high humidity and above-normal temperatures.

    The cultivation of peanuts in Greece has been moving at an increasingly rapid pace for the past 7 years. After the vertical fall in the beginning of 1990 and following almost 2 decades (1992-2011) of low production, the cultivation of the Greek groundnut returned dynamically and in an impressive way.  

    A decisive role in the contribution of this impressive increase is the conversion of the farmers of the region of Serres to the cultivation of groundnuts.   The project of the company BIONOT, which from 2011, began to encourage and advertise the cultivation of peanuts and later in 2012 to establish a collection and processing unit in the area of Strimoniko Serres, began to yield almost immediately.

    With BIONOT’s advisory guidance to the farmers, supervision, the knowledge of the chain of production and promotion and of course the arable land, the production in Serres Almost tripled within 6 years.

    In contrast to the imported peanuts (mainly China and Argentina), the climate of Greece and the quality of the land of the plains of Serres give high quality peanuts, tasty and retaining unchanged their nutritional properties thanks to the direct processing and distribution in the local market.     In the graph below you can see the ratio of peanut cultivation to the region of Serres ( and the rest of Greece during the years 2011-2016 (graph 1).

Arachis Production in Greece 2011 2016
Graph 1
Data source: www.statistics.gr (Hellenic Statistical Authority)

 

The following graph is the annual analysis of the production of region of Serres from 2011 to 2018 * (graph 2).

Arachis Production in Serres 2011 2018
Graph 2
Data source: www.statistics.gr (Hellenic Statistical Authority)
*Since the Hellenic Statistical Authority did not have posted production bulletins for 2017 and 2018  when this article was created, these years have been calculated either roughly or from data of agricultural cooperatives of the region of Serres.

 

 

Published in Financial News
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