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Argentina Ends 72-Hour Grain Tax Holiday After $7 Billion Rush

The filings leave exporters on the hook to source grain in a volatile market, a rollback that also drew opposition attacks and reports of U.S. pressure.

Overview

  • ARCA chief Juan Pazo confirmed the zero-retention window closed once the $7,000 million DJVE cap was hit, with export duties restored to 26% for soybeans, 24.5% for meal and oil, and 9.5% for corn and wheat.
  • The government says the three-day pause secured hard currency and steadied the dollar, while exporters now must procure and finance grain to honor DJVEs, leaving domestic prices and liquidity uncertain.
  • Opposition leaders labeled the short window an unfair benefit for major traders, producers voiced frustration over timing, and Governor Carlos Sadir urged a post–U.S. financing sit-down with governors as provinces push the ATN distribution law.
  • Seven Chilean suspects were detained in the robbery at Pampita Ardohain’s Buenos Aires home, and prosecutors in Chile said two had international warrants tied to the attempted killing of a PDI officer.
  • After a shootout between rival groups in La Plata, police raids led to three arrests and the seizure of multiple firearms, ammunition, drugs and a stolen car under UFI Nº 3 oversight.