The members of the Peanut Chamber warn that the Argentine peanut business will lose out to Brazil if the export duties are not differentiated

Published 2021년 7월 4일

Tridge summary

Argentina's government has decided to lower export duties on seldom-exported peanut products, but has not changed the rates for products that are frequently exported. This move, affecting only containers containing less than 2.0 kilos of processed peanut products, is aimed at boosting the sector's competitiveness. However, the peanut industry seeks a distinction between raw and finished products to promote added value and propose a progressive export tax scale based on the true exports of the sector. Concerns include high tax burdens, cost inflation, and a potential shift to less profitable crops, which could result in a reduction in peanut planting areas in Argentina for the next year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This week the national government decided to "tease" the peanut chain by establishing a reduction in export duties on products in that sector that are hardly exported, but without altering the rates of those that are sold abroad. . From the Chamber of Peanuts they clarified that "the measure reduces peanut withholdings only in the case of containers of less than 2.0 kilos of processed peanut products (roasted, fried and pasta), affecting 0.63% of exports" . Ivana Cavigliasso is the president of the Peanut Chamber and, although she highlighted the joint work and good dialogue with national officials and those of the province of Córdoba to resolve this issue that affects the competitiveness of mango companies, she highlighted the sector requires another type of measures "What we have been asking for a long time is the differentiation between a raw product and a finished one such as blanched", Cavigliasso explained to Bichos de Campo in reference to raw peanuts with respect to ...

Source: Bichos de campo