The agricultural sector from the United States to Russia, and Brazil to Europe, is seeing profits harmed by the rise in diesel prices.
Coupled with local economic issues, the increase is making it even harder for many farmers worldwide to turn a profit in the estimated $2.4 trillion agriculture industry, casting a cloud over future investments.
US farms are also factoring in potential losses of income due to a 25% tax China announced on major American imports following the US government's decision to slap duties on steel and aluminum.
Published Date: May 18th, 2018 12:22 PM | Updated Date: May 18, 2018 12:22 PM IST
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