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.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Bunge completes acquisition of large grain terminal in Canada
Favorable weather in the US, Brazil and Ukraine will boost crop prices this week
UkrAgroConsult presents market research on Ukraine’s livestock sector
South Africa expects another bumper harvest
China steps up purchases of Brazilian soybeans amid hopes for US-China trade deal
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon