date:Jul 04, 2012
slash prices when supply surges, he noted.
As things stand, despite good April-May rainfall, expanded acreage and slightly earlier-than-normal planting in some locations, prices for peanuts have stayed relatively firm. Mr. Monfort estimated raw peanuts currently bring from $500 to $700 a ton, less than the $1,000 a ton seen at the height of last years crop debacle but in line with the $650 a ton posted for most of the last crop year.
Peanut pricing is an arcane business and there is no central e