China's 700 Percent Increase of U.S. Peanut Imports

September 29, 2017 10:49 AM
 
 

Soybeans aren’t the only legumes China is interested in buying.

According to the USDA, China is forecasted to buy roughly $100 million worth of peanuts, an increase of more than $80 million, or 700 percent, from 2015.

From January to July, $29 million have been sold from Texas, Georgia, Alabama, North Carolina and Virginia.

Last summer, China increased its imports and purchased $172 million worth of peanuts.

In the latest crop progress report, 13 percent of the Georgia peanut crop is harvested and conditions are nearly 75 percent good to excellent.

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