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Peanuts: tariff increases make an impact

September 23, 2024 at 4:30 PM , Der AUDITOR
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NEW DELHI/BRASÍLIA. The increase in tariffs on edible oil imports is having a noticeable impact on the Indian peanut market. Little is currently happening in China, while the acreage in Brazil is being expanded.

Government decision causes unrest

Prices on the Indian peanut market have fallen slightly compared to last week, but the market is strong overall. Although a high inflow of new goods is expected in the next two weeks, the market is receiving the necessary support from the introduction of an increased import duty on edible oil imports, among other things. There has been some unrest over the past week as many market players believe that stockholders, who already hold large supplies of imported oil, are taking an unfair advantage of the government's decision. The profi

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