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LatinNews Daily - 04 March 2020
In brief: Argentina to raise tax on soya exports again
* Following talks with the Mesa de Enlace farmers’ organisation, Argentina’s ministry of agriculture, livestock and fisheries has informed that the tax on soya exports will be increased by 3 percentage points to 33%. This increase had been previously mooted by President Alberto Fernández, who had already raised tax on soya exports from 24.5% to 30% upon taking office in December 2019. The confirmation of a further increase risks meeting with resistance from Argentina’s powerful agricultural sector, despite concessions by the government, which has set lower taxes on exports of some types of regional produce and of soya for small-scale producers (whose crop came in at under 1,000 tonnes last season).
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- In brief: Argentina to raise tax on soya exports again