Reported about 4 hours ago
Argentina has announced significant cuts to export taxes on key agricultural products to assist farmers struggling with drought and low global prices. The government reduced tariffs on soy meal and oil, unprocessed beans, and corn, among other crops. This decision is aimed at providing urgent relief to the farming sector, which has been adversely affected by unfavorable weather conditions and economic challenges. The temporary tax adjustments will last until mid-2025, intended to stimulate immediate sales and bolster the central bank's dollar reserves.
Source: YAHOO