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The dry weather is reducing peanut yield, peanut price may drop after a high start

Pubtime:2014-07-28Author:Source: Hits:

Cao Zhi,director of the National Grain and Oils Information Center Market Information Office, said as there is flood in the southern part of peanut -growing areas and drought in the northern part this year, the peanut yield will reduce,which  may drop after a high start.

Sun Wengang and Wang Baoqing, brokers of the Daocheng, based on their experience and said that affected by the decrease in both growing area and yield of peanut, the price of peanut will become higher after the new peanut enters the market this year.