American Peanut Exports Jumped Due to Unprecedented Demand from China
Jul 21, 2021
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In 2020, in-shell groundnut exports from the U.S. rose twofold in value terms and threefold in terms of volume thanks to explosive demand from China. The total volume of exports reached $243M or 312K tons. China remains the key destination for groundnut supplies from the U.S., accounting for 85% of the total figure. At the same time, shipments from the U.S. constitute 97% of the Chinese peanut imports.