NEWS
Farm Service Agency
Public Affairs Staff
1400 Independence Ave SW
Stop 0506, Room 3624-South
Washington, D.C. 20250-0506
Release No.1423.04
Jillene Johnson (202) 720-9733
jillene_johnson@wdc.usda.gov
WEEKLY NATIONAL MARKET PRICE FOR PEANUTS
WASHINGTON, Jan. 27, 2004 The USDA's Commodity
Credit Corporation (CCC) today announced the national
posted prices for the four types of peanuts. Prices are
as follows:
$379.98 per ton for Runner peanuts
$362.67 per ton for Spanish peanuts
$377.27 per ton for Valencia peanuts
$377.27 per ton for Virginia peanuts
These prices become effective at 12:01 a.m. Eastern
Time on Wednesday, January 28, 2004, and are used to
determine the alternative loan repayment rates for
marketing assistance loans and to determine loan
deficiency payments.
The national posted prices are determined taking
into account CCC's responsibility to minimize potential
loan forfeitures and the accumulation of stocks of peanuts
by CCC. These prices also allow peanuts produced in the
United States to be marketed freely and competitively,
both domestically and internationally. In establishing
the national posted prices, CCC utilizes a variety of
sources reporting peanut sales for various uses in various
locations. USDA is committed to ensuring that the rate
established is an accurate representation of the market
price.
This announcement will continue to be made each
Tuesday at 3:00 p.m., until further notice. Additional
program information is available from Daniel Stevens at
(202) 720-5291 or by e-mail at
daniel_stevens@wdc.fsa.usda.gov
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Note: Farm Service Agency (FSA) news releases and media
advisories are available at http://www.fsa.usda.gov
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