Argentina: The peanut complex requests the total elimination of withholdings

Published 2022년 11월 14일

Tridge summary

Argentina is experiencing a significant negative impact on its peanut sector due to extreme drought, leading to a 13% reduction in planted area and a substantial increase in production costs. The rise in rental values, now doubled in the last three years, is further straining the industry. The high quality of Argentine peanuts, efficient service, and the reputation of exporters are not enough to maintain market leadership, especially in price-sensitive markets. The loss of export duties is causing a loss of competitiveness, with Brazil taking over market shares. The article emphasizes the urgent need for the elimination of export rights to maintain the competitiveness of Argentine peanuts in the global market.

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

Original content

The Argentine peanut sector is an important regional economy that exports products with high added value, generating income of 1,000 million dollars per year. Likewise, Argentina is a leading country in global markets, being the world's leading exporter of this grain. Faced with the extreme drought that affects all productive regions, peanuts, a summer crop, do not escape the impact of this extraordinary situation. Therefore, a 13% reduction in the planted area of the crop is expected for this cycle. In addition to the lower area projected, other factors are added that make reality: a significant increase in production costs and rental values that have doubled their prices in the last three years. But the great concern of our agro-industrial chain, now, is focused on international markets since, under current conditions, Argentina is losing competitiveness, beyond the very high quality of its products, efficient service and the reputation of exporters. In this way, in the most ...

Source: Chacra Magazine