 NEWS
Farm Service Agency
Public Affairs Staff
1400 Independence Ave SW
Stop 0506, Room 3624-South
Washington, D.C. 20250-0506
Release No. 1643.03
Latawnya Dia (202) 720-7962
latawnya_dia@wdc.fsa.usda.gov
WEEKLY NATIONAL MARKET PRICE FOR PEANUTS
WASHINGTON, Aug. 5, 2003 – The USDA’s Commodity Credit
Corporation (CCC) today announced the national posted prices
for the four types of peanuts applicable to the 2002 crop.
Prices are as follows:
· $351.72 per ton for Runner peanuts
· $333.20 per ton for Spanish peanuts
· $349.66 per ton for Valencia peanuts
· $349.66 per ton for Virginia peanuts
These prices become effective at 12:01 a.m. Eastern Time
(ET), on Wednesday, Aug. 6, 2003, 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., ET, 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.
#
Note: The Farm Service Agency's (FSA) news releases and media advisories
are available at http://www.fsa.usda.gov.
|
