Sudan bans peanut exports in effort to create more value-added trade
Published Aug 19, 2020
The government of Sudan has imposed a ban on peanut exports and the news has come as a shock to Sudanese traders as they didn't have sufficient time to prepare their operations. The country is the world's 5th biggest peanut producer with 14% of the total global production. Sudan produced around 1.5 million tons of peanuts in 2019 while the main export destinations are China and Indonesia. The decision on the export ban is quite frustrating for Sudanese traders and exporters and the government's reasoning for the ban is to generate more added value by processing the peanuts domestically rather than selling raw peanuts as if commodities.