Argentina withdraws system balancing wheat and corn volumes

The National Government repealed Resolution No. 276/2022, which established the so-called Balancing Volumes for wheat and corn, one of the most distorting tools in the commodities market.

It is worth noting that the eliminated regulation negatively affected the functioning of the grain markets by generating lower prices, production, and exports, and deteriorated the relationship with the main trading partner countries. Furthermore, it proved to be ineffective in controlling food prices and generated results contrary to those sought.

Tags: wheat, Argentina, corn, export