News & Updates

India : Peanut Production

by | Dec 13, 2021 | Oil Seeds, Peanuts

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India: Oil-seed, Peanut, Production, Supply and Distribution

Oil-seed, Peanut 2019/2020 2020/2021 2021/2022
Market Begin Year Oct-19 Oct-20 Oct-21
India USDA Official  New Post USDA Official  New Post USDA Official  New Post
Area Planted (1000 HA) 4880 4880 5800 5600 5600 5000
Area Harvested (1000 HA) 4825 4825 6000 5570 5800 4950
Beginning Stocks (1000 MT) 359 359 263 326 377 523
Production (1000 MT) 6255 6255 6700 6700 6800 7000
MY Imports (1000 MT) 2 2 3 1 3 2
Total Supply (1000 MT) 6616 6616 6966 7027 7180 7525
MY Exports (1000 MT) 984 984 950 840 750 900
Crush (1000 MT) 3650 3650 3900 3900 3855 4000
Food Use Dom. Cons. (1000 MT) 1350 1350 1375 1400 1650 1650
Feed Waste Dom. Cons. (1000 MT) 369 369 364 364 650 650
Total Dom. Cons. (1000 MT) 5369 5369 5639 5664 6155 6300
Ending Stocks (1000 MT) 263 326 377 523 275 325
Total Distribution (1000 MT) 6616 6616 6966 7027 7180 7525

PRODUCTION

Market Year 2021/2022 Peanut Production Revised at 7 MT: Industry sources estimate peanut acreage for MY 2021/2022 (October-September) at around 5 million hectares, albeit with expectations of higher yields. The area planted in Gujarat state is down by eight percent compared to last year, however, Gujarat remains India’s top production state, accounting for 39 percent of the overall area planted under peanuts. The states of Rajasthan and Andhra Pradesh are the next largest peanut production states.

Reports of a rain deficit during the initial months of planting in Gujarat state were subsequently allayed with good rainfall observed during the second half of August through most of September 2021. Limited damage to crops, and good rainfall, is expected to help boost production by 4 percent to 7 MMT in MY 2021/2022.

TRADE

Exports: FAS New Delhi (Post) is revising the MY 2020/2021 export figure to 840,000 MT, down from 950,000 MT to better account for the latest trade estimates. Indian peanut exports remain destined primarily to Indonesia, Vietnam, and China. Domestic prices for peanuts in October 2021, were recorded at $768/MT (all India average price), a 22 percent jump above the prices being paid last year during the same period.

Source: USDA

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