Particle.news
Download on the App Store

Argentina Nears Record Wheat Crop as Farm Group Presses to Scrap Export Taxes

The farm lobby says export taxes continue to blunt the gains from exceptional yields.

Overview

  • Estimates place production above 24 million tons, with the Buenos Aires Grain Exchange citing 25.5 million tons as one of the largest on record.
  • The Sociedad Rural Argentina demanded the full elimination of wheat export duties, saying recently instituted permanent cuts remain insufficient.
  • The group highlighted truck congestion at approaches to the Rosario port complex and urged immediate improvements to rural roads and port access.
  • Producers reported price discounts tied to grain quality assessments at sale as international wheat prices move lower.
  • Harvest has finished in the north and is advancing through the central region, increasing short-term pressure on transport and storage capacity.