PEANUT OIL PRICES are reaching highs not seen since 1997-1998 A combination of tight yield and projected lower global peanut production for the quiet of the 2002-2003 marketing year is creating upward pricing compressings Current crude peanut oil pricing has reached 51 cent by pound.

PEANUT OIL PRICES are reaching highs not seen since 1997-1998 A combination of tight yield and projected lower global peanut production for the quiet of the 2002-2003 marketing year is creating upward pricing compressings Current crude peanut oil pricing has reached 51 cent by pound, up 89 percent from last April's price of 27 cent The average price in 1997-1998 was 49 cent for pound.

"Supply was stable last year as we had exces peanuts to crush from the rule load program," says Ben Powell, analyst at Wilkie Marketing Inc., a Dawsonville, Ga-based

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