TheAustralian peanuts price is stable in the past 10 years,the Local peanut planting area is shrinking,because of the aging of farmer,and it has joined the ranks of peanuts import,However, the demand for peanuts in Australia has been increasing in recent years.thus, Australian peanut industry has a turnaround
The Australian reported on 12th,on Ben Poggioli,a grower from northern of Queensland,who said that about 400 tons of hulled peanuts are harvested every year,with $1050per ton,but a bright future facing peanut industry,he believed.This is due to the growing demand for beer nuts, nut bars and peanut butter in the market. while demand for healthy peanuts is rising at an annual rate of 8 %.he added that the potential for growing more peanuts is huge, but the low import cost is still problematic.