Mozambique pea dispute boosts prices in India

게시됨 2024년 1월 22일

Tridge 요약

A legal dispute between two agricultural traders in Mozambique is causing delays in the import of pigeon peas to India, leading to a surge in prices of tur dal, a staple crop used by poor families for protein. The spat between Mitsui-backed ETC Group and Mozambican company Royal Group has led to seizures of cargoes in ports, disrupting exports. The conflict has put at risk the livelihoods of hundreds of thousands of small-scale farmers in Mozambique and caused a significant increase in prices of pigeon peas in India, exacerbated by bad weather affecting local harvests.
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원본 콘텐츠

A dispute between two agricultural traders in Mozambique is hitting the pockets of consumers thousands of miles away in India. Prices of pigeon peas — a crop used to make tur dal that many poor families turn to for protein — had already surged in India as bad weather hurt local harvests. Now, they’re getting even pricier as imports from Mozambique have been delayed. That’s because of a legal spat between Mitsui-backed ETC Group — known as ETG — and Mozambican company Royal Group. Royal in December began seizing ETG’s cargoes in the port city of Nacala, and then last week did the same in Beira. They followed what Mozambique’s finance minister has labelled “technical barriers” that he said had unnecessarily blocked exports of the crop. The battle between ETG and Royal goes back to 2022, when India impounded a Royal shipment of crops from Mozambique, saying Royal mis declared the cargo as non-genetically modified. ETG has said Royal wrongly accused its employees of tipping off Indian ...

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