SIAL 2018: Rains will help treble Sudan's peanut crop
Favourable forecast attracts interest of Chinese importers
Sudan is expecting a sharp rise in its peanut crop in the 2019-20 season due to rain in recent months.
Harvesting takes place at the end of October and into November and forecasts are for a favourable 2018. Fares Oufi of FAAS Trade & Investment, which represents Africorp International, told IEG Vu at SIAL that the 2018-19 Sudanese production is expected to reach 600,000 shelled tonnes, tripling the production in the previous season.
“This good expectation is encouraging many Chinese importers to start bidding for the new season [product] because they require huge volumes,” Oufi explained.
“Our competitors are African countries such as Senegal and Gambia, which took advantage of Sudanese low crops in previous years, but we are confident this season we can reverse our loss of market share,” Oufi added.
The average price is presently USD875 per tonne fob for the Spanish variety.
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