The U.S. peanut industry is unwavering in its efforts to maintain and discover new export markets, even as peanut production continues to grow. The American Peanut Council's President and CEO, Richard Owen, reaffirmed the industry's commitment during a panel discussion at the American Peanut Research and Education Society's annual meeting.
Currently, the U.S. exports about 26% of its peanut crop, with Mexico, Canada, China, the European Union, and Japan being key markets. The American Peanut Council's strategy is focused on maximizing international opportunities while addressing challenges. Their vision for the next five years involves industry-wide involvement, including growers, shellers, manufacturers, and buying points, to create consistent demand for their superior product in the global marketplace.
One of the challenges faced by U.S. peanuts in the global market is meeting stringent specifications set by trading partners, especially regarding aflatoxin levels. However, the industry now recognizes that peanuts are a food ingredient, not just a commodity, leading to a positive shift in attitude and a focus on ensuring high-quality products for consumers worldwide.
While the European Union's strict regulations pose challenges for exporting U.S. peanuts, the industry emphasizes adherence to risk assessments designated by the Codex Alimentarius Commission. While trade disputes can be brought to the World Trade Organization, the process is complex and time-consuming.
The U.S. peanut industry remains determined to grow both domestic and international markets, securing a bright future for peanut production and trade.
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Categories: Wisconsin, Crops, Fruits and Vegetables