Pecans: India slashes import duty
Mundus Agri. India is cutting the import duty on US pecans by more than two-thirds, a change that has US growers in high spirits. Harvest is now complete in the US and some farmers are resorting to new methods to sell.
Demand is given in India
Good news from India is currently giving pecan growers in the US a reason to celebrate: India's government announced it would cut the import duty on US pecans by a whopping 70%. These cuts are a great opportunity for US market players, as the US news site WALB reports. For farmers, including in the main growing state of Georgia, where about 30% of US production is harvested, the import cut is a big financial relief and opens up new opportunities. However, since they still have to cope with extremely high costs for fertilizer, fuel, etc., price declines are unlikely for the time being.