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India tariffs threaten California almond industry
Source: Associated Press
India tariffs threaten California almond industry
By SAMANTHA MALDONADO
June 27, 2019
MODESTO, Calif. (AP) — Along large swaths of California’s lush central valley, almonds in the fuzzy hulls of tree leaves blow in the wind on thousands of acres of orchards. Thousands of miles away in India, customers browse the nut sections of busy street markets and grocery stores in search of the best almonds to use in curry dishes, health drinks, ice cream and many other recipes.
Now the future of that market is uncertain. India this month imposed tariffs on almonds and 27 other American products, including apples and walnuts, in retaliation for the U.S. ending India’s preferential trade status. Those tariffs took effect June 16 and come on top of a significant tariffs China placed on almonds last year.
“We can deal with market disruption in one country, but to have it in multiple countries is a real challenge,” said David Phippen, a partner of Travaille & Phippen, Inc., a farm and processing company in Manteca.
California supplies 82% of the world’s almonds and has almost 7,000 growers. The Almond Board of California estimates the industry generates about 104,000 jobs in California, and the effect of the tariffs might ripple outward. India is such an important market that the almond board, whose members engage in market research and promotion overseas, has an office in New Delhi with a $6 million annual advertising budget.
-snip-
By SAMANTHA MALDONADO
June 27, 2019
MODESTO, Calif. (AP) — Along large swaths of California’s lush central valley, almonds in the fuzzy hulls of tree leaves blow in the wind on thousands of acres of orchards. Thousands of miles away in India, customers browse the nut sections of busy street markets and grocery stores in search of the best almonds to use in curry dishes, health drinks, ice cream and many other recipes.
Now the future of that market is uncertain. India this month imposed tariffs on almonds and 27 other American products, including apples and walnuts, in retaliation for the U.S. ending India’s preferential trade status. Those tariffs took effect June 16 and come on top of a significant tariffs China placed on almonds last year.
“We can deal with market disruption in one country, but to have it in multiple countries is a real challenge,” said David Phippen, a partner of Travaille & Phippen, Inc., a farm and processing company in Manteca.
California supplies 82% of the world’s almonds and has almost 7,000 growers. The Almond Board of California estimates the industry generates about 104,000 jobs in California, and the effect of the tariffs might ripple outward. India is such an important market that the almond board, whose members engage in market research and promotion overseas, has an office in New Delhi with a $6 million annual advertising budget.
-snip-
Read more: https://apnews.com/3bb6130746da48978106b9e05b46f525
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