Cultivation in China
Recently harvested peanut plants stacked by a village house near Wuhan, China
Notice the black chickens because it is doubtful Americans want to risk Bird Flu...
The peanut was introduced to China by Portuguese traders in the 17th century and another variety by American missionaries in the 19th century.
They became popular and are featured in many Chinese dishes, often being boiled. During the 1980s, peanut production began to increase so greatly that as of 2006, China was the world's largest peanut producer. A major factor in this increase was the household-responsibility system, which moved financial control from the government to the farmers.
China leads in production of peanuts, having a share of about 41.5% of overall world production, followed by India (18.2%) and the United States of America (6.8%).
| Country | Production (Million Metric Tons) |
|---|---|
 People's Republic of China | 14.30 |
 India | 6.25 |
 United States | 2.34 |
 Nigeria | 1.55 |
 Indonesia | 1.25 |
 Myanmar | 1.00 |
 Sudan | 0.85 |
 Senegal | 0.71 |
 Argentina | 0.58 |
 Vietnam | 0.50 |
| World | 34.43 |
Source:
http://en.wikipedia.org/wiki/Peanut
Blogger Comments:
China is the Swing producer, something like Saudi Arabia is to Middle East Oil. The price for peanut butter is likely to spike on short term shortages of raw material for manufacturing. New suppliers will likely make up for America's failing peanut crop and prices will revert to the mean price within months.
Don't Panic and run out and buy too much peanut butter because the price is likely to return to normal before you can consume your hoarded supply!
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