Government export ban leaves Sudan peanut traders reeling

  • 📰 eNCA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Government export ban leaves Sudan peanut traders reeling eNCA

The two main customers for Sudan's peanuts were China and Indonesia.Protein-rich peanuts, which are also called groundnuts, provide rural employment and much needed foreign exchange.

Before the trade ban, peanuts were Sudan's fifth biggest international earner after gold, sesame, oil and livestock.Trade Minister Madani Abbas Madani defended halting exports"to maximise the market value of peanuts and the added value of Sudanese products, in light of climate change which affects the quality" of the product.For the government, the hope is that Sudan can earn more money through selling products from processed peanuts -- such as oil or butter.

Critics of the ban on exporting unprocessed nuts have questioned why it was introduced so abruptly, suggesting that it might be a personal whim of the trade minister.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hope for lifting of ban on sale of alcoholThe liquor industry says it has been encouraged by discussions it has had with the government on the possible lifting of the ban on alcohol sales.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Should South Africa introduce wine windows like Italy?While the sale of alcohol is banned in South Africa, it could help the wine industry during these tough times if government amends the regulations.
Source: IOL - 🏆 46. / 51 Read more »

Rand a little weaker as uncertainty remains over US stimulusThe government’s continued ban on the sale of alcohol and cigarettes and the return of power blackouts is further bruising confidence
Source: BDliveSA - 🏆 12. / 63 Read more »

We are not there yet, says Mkhize on a possible Covid-19 surgeMkhize's comments come as the government weighs up further relaxation of SA’s lockdown rules, including the possible removal of bans on the sale of alcohol and cigarettes
Source: BDliveSA - 🏆 12. / 63 Read more »

Exxaro braces for uncertainty after ‘surprisingly great’ first half of yearDiversified miner expects export coal sales to fall in second half
Source: BDliveSA - 🏆 12. / 63 Read more »

'Unban alcohol sales now': calls from across the industry grow louderVarious organisations and politicians are calling for the alcohol sales ban to be lifted.
Source: TimesLIVE - 🏆 28. / 59 Read more »