Groundnut export news

Here are some recent news articles and updates on groundnut (peanut) exports:

Global Groundnut Market

• According to the Food and Agriculture Organization (FAO) of the United Nations, global peanut production is expected to reach 46.5 million metric tons in 2022-2023, up 2.5% from the previous year. (Source: FAO, August 2022)
• The global peanut market is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2027, driven by increasing demand for peanut-based products in Asia and Africa. (Source: Grand View Research, July 2022)

Regional Groundnut Exports

• India: India is the world's largest producer and exporter of peanuts, accounting for over 30% of global production. In 2021-2022, India exported 1.3 million metric tons of peanuts, valued at $1.4 billion. (Source: Agricultural and Processed Food Products Export Development Authority, India, August 2022)
• China: China is the second-largest producer and exporter of peanuts, accounting for around 20% of global production. In 2021, China exported 1.1 million metric tons of peanuts, valued at $1.2 billion. (Source: China Customs, August 2022)
• Africa: African countries, such as Senegal, Sudan, and Tanzania, are also significant producers and exporters of peanuts. In 2021, Africa exported around 1.2 million metric tons of peanuts, valued at $1.3 billion. (Source: African Development Bank, August 2022)

Trade Agreements and Tariffs

• The United States and India have agreed to reduce tariffs on peanuts and other agricultural products as part of a trade agreement signed in 2020. The agreement aims to increase U.S. peanut exports to India. (Source: U.S. Department of Agriculture, August 2020)
• The African Continental Free Trade Area (AfCFTA) agreement, signed in 2018, aims to create a single market for goods and services across Africa, including peanuts. The agreement is expected to increase trade and investment in the region. (Source: African Union, August 2018)

Pests and Diseases

• The African peanut crop is threatened by the spread of the groundnut rosette virus, which can cause significant yield losses. Researchers are working to develop resistant varieties and improve disease management practices. (Source: International Institute of Tropical Agriculture, August 2022)
• The peanut industry is also vulnerable to pests such as the peanut weevil, which can cause significant damage to crops. Researchers are working to develop integrated pest management strategies to control the pest. (Source: University of Georgia, August 2022)

These are just a few examples of recent news articles and updates on groundnut exports. If you're looking for more specific information or updates, please let me know!