Argentine government scraps all grain export withholdings
The Argentine government will eliminate all withholdings on grain exports until the end of October to encourage a greater influx of dollars, announced presidential spokesman Manuel Adorni.
“To generate a greater supply of dollars until October 31, there will be zero withholdings on all types of grains,” he wrote on X.
In recent days, due to a sharp weakening of the peso, the Central Bank has been forced to sell over $1 billion from its reserves to stabilize the exchange rate. This, in turn, has raised concerns among experts about Argentina’s ability to make debt payments to the IMF and other creditors.
Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!
Read also
EU will reduce Ukrainian rapeseed imports to a four-year low and increase purchase...
Grain & Oilseed Quality 2025: From Weather Risk to Margin
European sugar prices collapse to 3-year low
Malaysia raises benchmark palm oil price in October, keeps export duty at 10%
Kazakh wheat prices rise due to harvest delays
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon