Browse Data and Analysis

FAS/Managua projects marketing year 2024/25 peanut production to rebound to a record high of 230,000 metric tons on sustained high area planted and improved growing conditions following a damaging El Niño cycle in 2023/24.

FAS/Managua projects marketing year 2023/24 Nicaraguan peanut production to return to historic high levels, near 200,000 metric tons on an in-shell basis, as deteriorating political conditions and rising economic instability improve the risk-reward calculations of peanuts relative to longer-term investments in sugar or cattle.

The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.

Taiwan’s soybean imports are projected to reach 2.63 and 2.65 MMT in MY2021/22 and MY 2022/23. Soybean import demand will be buoyed by steady feed demand as well as exports and demand for soybean oil. In MY 2020/21, Taiwan’s COVID-19 control restrictions in Q2-Q3 had some negative impact on demand from the HRI sector, especially for soybean oil and palm oil which are favored in commercial use.

FAS/Managua expects 2022 peanut and oil production to remain flat from the previous year, with the vast majority of peanuts and virtually all peanut oil exported overseas.

For Marketing Year (MY) 2020/2021, Nicaragua's peanut production reached over 194,000 metric tons (mt), which is a 21 percent increase compared to the previous cycle

Nicaragua peanut production fell 11 percent in marketing year (MY) 2019/2020 dropping to 158,000 metric tons (MT).

Taiwan’s soybean imports are projected to fall to 2.45 million metric tons in marketing year 2019/2020 due to slowing demand in both food and feed use driven by the ongoing novel coronavirus pandemic.

Peanut production fell 14 percent in marketing year (MY) 2018/2019.

MY2018/19 and MY2019/2020 soybean imports are forecast at 2.7 million tons on continued strong demand.

In MY 2017/2018, palm oil production increased 23 percent due to new-planted areas starting to bear fruit.

Taiwan is the United States sixth largest export market for soybeans. Soybean consumption and imports are forecast to remain stable in MY2017/18 and MY2018/19 at 2.525 million tons.