Nicaragua: Oilseeds and Products Annual

  |   Attaché Report (GAIN)   |   NU2024-0001

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Nicaragua: Oilseeds and Products Annual
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. Higher than average temperatures and extended periods without precipitation during key periods of seed development drove a 12 percent decline in yields and a projected increase in the volume of lower quality peanuts bound for crushing in marketing year 2023/24. Current projections for a neutral or La Niña weather cycle (associated with cooler temperatures) arriving later in 2024 would significantly benefit Nicaraguan peanut quality and production volume in marketing year 2024/25.
Western Hemisphere, Nicaragua
Oilseeds, Oilseeds (excl. soybean)

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