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The Peanut Rebellion is happening again! When the quantity is heavy and the price collapses in case of rain, the insured purchase last year only allowed farmers to expand their seeds. how long will the vicious circle last?

Published: 2024-06-24 Author: mysheen
Last Updated: 2024/06/24, The Peanut Rebellion is happening again! When the quantity is heavy and the price collapses in case of rain, the insured purchase last year only allowed farmers to expand their seeds. how long will the vicious circle last?

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Last year, peanuts haven't been digested yet, and the land price of flower production has plummeted this year! In November last year, the peanut riot caused by rumors caused the land price of domestic flower production to collapse. finally, in order to maintain the price of peanuts, the Council of Agriculture bought it with a medium of 40 yuan per jin. However, in November this year, the price of peanuts in the producing area is even lower, with some areas of Yunlin County falling below 30 yuan per jin.

Ding Minggui, chairman of the ROC Peanut Industry Association, said that after the action of the Council of Agriculture last year, the planting area of peanuts also increased this year, but this year there was no rain during the typhoon and field growth, and the peanut harvest exploded. Some time ago, when exposed to the sun, it encountered rain, resulting in water injury and decline in the quality of peanuts, and some bad products flowed into the market to affect the price. Moreover, the processors have not yet finished digesting the inventory acquired last year, so they are no longer able to absorb it. They only hope that the Council of Agriculture will come up with measures to help farmers as soon as possible.

Last year, rumors caused the peanut riot, and the government bought it at a guaranteed price, but built it.

 
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