The Argentine peanut complex requests the total elimination of export duties
Peanut Kernel
Argentina
Published Nov 15, 2022
Tridge summary
Faced with the loss of global competitiveness and the severe drought affecting the region that produces the crop, the regional economy warns that it is more urgent than ever for any product to continue paying for this distorting tax.
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 smaller area projected, other factors are added that make reality: a significant increase in production costs and lease 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 ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.