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Highest tractor sales in 40 years

Since April 2020, the monthly sales have remained positive, registering an average of 26% y/y growth over the past 31 months. When this year started, I thought the farmers would reduce spending on agricultural machinery as fertilizer, agrochemicals and fuel prices increased aggressively along with a rise in the interest rates, all of which added financial pressure on farmers.

Published: 14 November 2022