Peanuts also need an incentive for their exports in Argentina

Published 2022년 12월 4일

Tridge summary

The Argentine Peanut Chamber (CAM) is calling for the elimination of export duties and the implementation of promotional policies to boost regional economies. The chamber, which represents an industry that employs over 12,000 people and generates more than US$ 1,000 million in annual exports, argues that high costs and a lack of competitiveness, exacerbated by the restoration of the Export Increase Program (PIE) favoring soybeans, are causing significant losses. The CAM is advocating for equal incentives for all exports and is critical of the lack of implementation of the 'Export Increase Fund' and the differential exchange rate intended to support regional economies.

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Original content

The Argentine Peanut Chamber insists on the request to eliminate export duties and fulfill the promises of promotion policies for regional economies Given the national government's decision to restore the Export Increase Program (PIE), with a differential exchange rate to encourage soybean sales, the Argentine Peanut Chamber (CAM) reiterates the need to consider measures that also allow regional economies improve their competitiveness to market their products abroad. The peanut production and commercial chain employs more than 12,000 people and exports more than US$ 1,000 million a year, being the regional economy that generates the most foreign currency for the country. But in recent times it has been suffering a strong loss of competitiveness and profitability, as a result of the application of export rights; a tax that does not exist in other countries that supply this food. For this reason, markets that are very sensitive to price, such as Russia or Algeria, are opting for ...

Source: Rural Net