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Peanuts: crop damages in Tanzania

June 5, 2023 at 10:54 AM , Der AUDITOR
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NEW DELHI/DODOMA. Tough times ahead for traders in India as the government's decision to suspend import duties for soy and sunflower seed oil will make things hard in selling peanuts. While heavy rains have created extensive crop damages in Tanzania, prospects are highly encouraging in the Americas.

Traders in trouble
Growers have completed harvesting Java peanuts, which are mainly grown in Gujarat. Wide price gaps persist depending on supplier and expectation is that they will decline. Issue is that the government has decided to suspend the import duties for soy and sunflower seed oil, which will ultimately put the peanut industry at a disadvantage. As sesame seed supplies are more limited this season the oil mills have turned out more peanut oil, for which demand and prices are high.

Java peanut prices are also unattractively high in India and Indonesia

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