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Peanut Stocks Remian High
WASHINGTON - May 30/02 - STAT -- Peanut stocks in the United States continue to run well ahead of year earlier levels, with the latest USDA data showing there are 2.90 billion pounds of equivalent farmer stock on hand, compared to 1.91 billion pounds as of April 30 last year.
Included in the total are 1.72 billion pounds of actual farmer stock.
Shelled peanuts on hand totaled 1.11 billion pounds of farmer stock equivalent. Roasting stock totaled 62.8 million pounds. There were 608 million pounds of Commodity Credit Corporation uncommitted stocks on hand as of April 30, 2002.
Shelled peanut stocks totaled 838 million pounds of which 818 million pounds were edible grades and 20.4 million pounds were oil stocks. Edible grade stocks by type included 174 million pounds of Virginias, 606 million pounds of Runners, and 37.7 million pounds of Spanish.
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