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.

Tags: corn, export, grain, wheat, Argentina