In Argentina, Buenos Aires Times reported that Argentine President Javier Milei encouraged farmers to seize the moment and sell their soybeans now after he eased currency controls, which weakened the peso by about 12% on official markets.
In addition to letting the peso float, Milei has also trimmed export tariffs for harvest season only. For soy meal, Argentina’s biggest single export, the rate is at 24.5% through June 30 instead of 31%
“Tell the farmers that if they need to sell they should do it now because the export tariffs are going back up,” Milei said.
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Category: Food & Agriculture
