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Peanuts: tariffs become a challenge

September 16, 2024 at 4:55 PM , Der AUDITOR
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NEW DELHI/ATLANTA. In India, peanut growers are protesting against the lifting of import duties on vegetable oils, as they are already struggling with the low prices. In the USA, much depends on the outcome of the upcoming election, as tariffs could be imposed for the EU and China.

New crop reaches Indian markets

In Gujarat, the heavy rainfall has subsided and sunshine is currently benefiting the plants there. The new crop is gradually reaching the local markets and traders say they expect a sharp increase in arrivals over the next few days. This has weakened the buying mood. To make matters worse, prices for soybean-, palm- and sunflower oil have fallen by 3 to 5% in the last month. Farmers are particularly opposed to the Indian government's decision to import oils without import duty, as domestic producers are already struggling with the low

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