Nicaragua: Oilseeds and Products Annual
Link to report:
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.
