Peanut farmers all over the globe are rejoicing after peanut prices doubled in the last couple of days.
Common Wealth market expert Eliud Mtare indicated this boom will last till the month ends. However, one farmer revealed this is not a new phenomenon.
“Every farmer worth the title knows prices go up every last week of the month. It is profitable to have peanuts in store during the time.”
Mtare mentioned the peanuts are used as payment to casual, permanent, and contract workers.
“Big American corporations use them to pay sweatshop workers in Asia. In Africa, these nuts are used as salaries to government and private company workers. Most essential workers are also paid in peanuts.”
Mtare speculated that corporations, government parastatals, and private companies may start growing the crop to cut down their expenses.
Citizen 250Q 