Argentine farmers increased forward selling of soybeans to avoid higher export taxes

Jan 16, 2020

Argentina farmers increased the forward selling of soybeans in the last four months of 2019 in an effort to avoid higher export taxes that are now in effect, according to a Global Agricultural Information Network report from the U.S. Department of Agriculture.

Figures released by the Argentine Ministry of Agriculture show that as of Dec. 18, 2019, exporters had registered 5.52 million tons of forward sales for export of the 2019-20 soybean crop. In comparison, exporters only […]

The post about "Argentine farmers increased forward selling of soybeans to avoid higher export taxes” appeared first in Merco Press website.

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