Agriculture / WORLD

US peanut prices and marketings rose in week ending October 3

In USDA’s weekly data, all farmer-stock peanuts averaged 22.6 cents per pound, while purchases rose from the previous week.

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The US Department of Agriculture’s weekly Peanut Prices report released October 9 put the average price for all farmer-stock peanuts at 22.6 cents per pound in the week ending October 3, up 0.2 cent from the prior week. Purchases from farmers totaled 284.344 million pounds, an increase of 97.690 million pounds week over week.

Runner-type peanuts averaged 21.8 cents per pound, up 0.1 cent, while purchases of that type reached 243.414 million pounds. USDA’s figures come from weekly reports by first buyers; reported purchases are expanded to account for nonrespondents, and prices are calculated as weighted averages.

Data

Timeline

Peanut prices and purchases, week ending October 3

Farmer-stock peanut prices and first-buyer marketings in the USDA weekly report.

  1. · Occurred

    All farmer-stock peanuts

    Average price 22.6 cents/lb, up 0.2 cent week over week. Marketings were 284.344 million lb, up 97.690 million lb for the week.

  2. · Occurred

    Runner-type

    Average price 21.8 cents/lb, up 0.1 cent week over week. Marketings were 243.414 million lb.

Methodology

Prices remain in cents per pound and volumes in million pounds, exactly as reported; values are USDA weekly figures. Marketings means quantities purchased by first buyers; no unit conversion is made.

Updated:

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