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The National Government repealed Resolution No. 276/2022, which established the so-called Balancing Volumes for wheat and corn, one of the most distorting tools in the commodities market.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.
Read also
Palm oil prices rise 3.5% amid stronger soybean oil market and growing stocks
World’s largest cocoa producer forecasts 21–25% decline in harvest
Argentina increases wheat exports as Brazil faces a smaller harvest
China raises soybean import estimate to 111.6 mln tons but expects lower purchases...
Ust-Luga overnight incident: Could Baltic grain exports face delays?
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon