According to the data released by the Oil World, an industrial publication based in Hamburg of Germany, the peanut export of the world from January to April in 2014 is expected to be 700,000 to 710,000 tons, which is the lowest output in the past three years.

In this month, the Unite States Department of Agriculture estimated the peanut export of the United States would reduce to 1.025 billion pounds, an reduction of 11.95% over the previous year’s 1.195 billion pounds. The major reason is that the peanut output has reduced by 38% year on year due to the significant reduction of the peanut seeded area.