Indian Fox Nuts Look For New Markets After Trump’s Tariffs Hit Superfood

Indian Fox nuts industry is adapting to high US tariffs by looking for new export markets and getting benefit from strong domestic demand despite US tariffs of nearly 50 per cent affecting exports and decreasing shipments to the US. Notably, producers are witnessing a surge in interest in countries such as Spain and South Africa, as well as rising sales at home. The diversification is facilitating the foxnuts sector to sustain growth even as tariffs re-modify trade patterns.

Foxnuts- not able to mitigate the effect of Tariffs

Generally, fox nuts are the popped kernels of water lily seeds and found in tropical and sub-tropical regions of South and East Asia, with a considerable presence in India, China, Nepal and Japan. The nuts, packed with protein, calcium, antioxidants and vitamins, have rapidly gained a reputation as major immunity boosters.However, they haven’t been mitigating boosters. Firstly, the US president hit Indian goods with a 25 per cent levy. But, increased later the 50 per cent tariffs due to Russian oil imports. According to him, it was helping fuel Russia’s war on Ukraine. No doubt, the tariffs hit businesses across several sectors in India for whom the US has been a significant market, including those dealing with shrimp, diamonds and textiles.

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India exported nearly 800 MT of Fox nuts to Germany, China, US & Middle East

Interestingly, India exported nearly 800 metric tonnes of fox nuts to countries including Germany, China, US and Middle East. However, India exports 50 per cent of foxnuts to the US which actually dominates the markets. The total industry turnover including the domestic market, is about 3.6 billion rupees  ($40m). No doubt, this sector has huge opportunites, limited to Indian diaspora in the international market. Foxnuts growers need to aware about the it both domestically & abroad as they seeing demand from new markets, such as spain and South Africa, sparked by the Indian diaspora and awareness of the health benefits of fox nuts.