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1h ago

ARCA Chief Defends End of Duty-Free Grain Quota After 72-Hour Surge

Juan Pazo says exporters must buy about US$4 billion in grain from producers within 90 days.

VALOR AGREGADO. La soja argentina tiene en los subproductos de la molienda a los mayores exponentes del comercio exterior. No obstante, su producción no repunta y pierde eficiencia ante sus competidores mundiales. (Gentileza Fertilizar)
Las retenciones cero a los granos se anunciaron este lunes 22 y se cayeron este miércoles 24. 
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Overview

  • The government's temporary suspension of grain export duties with a US$7 billion DJVE cap was filled in roughly three days under Decree 682, which requires 90% liquidation within 72 working hours.
  • Registrations were concentrated in about a dozen large agroexporters, leaving many small and medium producers without direct access to the incentive.
  • ARCA director Juan Pazo said companies did not hold the stock they declared and will have to source roughly US$4 billion of grain from producers in the coming weeks.
  • Market data from the Rosario Stock Exchange showed only 4.4 million tonnes had prices fixed between Monday and Wednesday versus about 18 million implied by the cap, prompting questions about physical backing.
  • Rural leaders demanded transparency and enforcement of existing verification rules as officials, including Economy Ministry adviser Felipe Núñez, rejected claims of a prior arrangement with exporters.