Foreign Crops and Markets, Vol. 83: July 10, 1961 (Classic Reprint)

Excerpt from Foreign Crops and Markets, Vol. 83: July 10, 1961

Australia's 1960-61 peanut production, harvested mainly from April through June of this year, is expected to total about short tons of unshelled nuts from A7,000 acres.

This quantity would be about one-fifth larger than last year's crop but almost one-third less than the record outturn of 1958-59.

Peanut production in 1959-60 was AO percent less than the record of the previous year following the introduction of quotas for no. 1 Pool peanuts (sold on the edible market). The record crop of 1958-59 was far in excess of the tonnage the Queensland Peanut Marketing Board could sell on the edible market, and a large quantity was carried over into the following season. To bring production in line with market requirements, the Board introduced delivery quotas for the no. 1 Pool, with all excess going into a No. 2 Pool for crushing.

To permit disposal of the 1959 carryover, the delivery quota for 1959-60 was set at a somewhat lower level than required for a normal supply of edible nuts. As a result, acreage and production declined sharply.

Although stocks are still Substantial, the bulk of the excess supplies has now been cleared and delivery quotas for the 1960-61 season were ih creased to reflect normal requirements. Consequently, acreage and produc tion rose significantly.

Despite overproduction and marketing difficulties for edible nuts in Australia, considerable quantities continue to be imported from Papua and New Guinea. These nuts enter duty-free and have been underselling Australian nuts. The Queensland Marketing Board has requested tariff protection against these imports. However, because the growing of peanuts in Papua and New Guinea is being encouraged by the Administration, both as a subsistance crop for the natives and as an export crop by European planters, it seems unlikely that this request will be granted.

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