The EU eliminated tariffs on North American imports

Published 2021년 3월 22일

Tridge summary

Argentina's peanut sector is facing challenges due to adverse weather conditions and the removal of a 25% tariff on US imports, making it difficult for the country to compete. With around 13,000 jobs and exports valued at $1,100 million annually, the sector is significant. Approximately 385,000 hectares are dedicated to peanut cultivation, with expectations of producing between 950,000 to 1,000,000 box tons under favorable weather conditions. However, potential losses due to delayed development and the risk of frost are looming. The sector is advocating for government support and investment in genetics to remain competitive, especially against Brazil's expanding industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

World economic crisis, world economy, Stock markets, euro The peanut sector generates more than 13,000 jobs. In addition, it exports around 900,000 tons per year, which means for the country, revenues of 1,100 million dollars, taking into account peanuts and all its derivatives (raw, peeled, pasta, oil, roasted, fried, expeller and butter) . The lack of water at the time of sowing, added to the low temperatures that were recorded in February, caused the crop to delay its development. Therefore, the harvest will take place during the month of May / June, which is a real drawback since the chances of frost are increased during harvest. "We need rain and high temperatures in the next 30 to 45 days, especially in the south of Córdoba, if there is no rain or frost, a large part of the production could be lost," said Nervi. Average peanut yields are around 33 quintals per hectare. Under normal conditions, this year they would be around 30 to 32 quintals. The sown area is around 385,000 ...
Source: Todomani

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