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2h ago

Argentina Shuts $7 Billion Zero-Duty Grain Window in Three Days, Stirring Political and Farm Backlash

Opposition governors plan a Chubut meeting next week, with farm leaders pressing enforcement of Law 26.351 on stock ownership for export filings.

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)
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La tapa de BAE Negocios
Juan Pazo, titular de ARCA, respondió a las críticas por el fin de las retenciones cero.

Overview

  • ARCA closed the temporary zero export-duty scheme after the US$7,000 million cap was reached in roughly 72 hours.
  • Producers’ groups and opposition deputies say a handful of major exporters captured most DJVEs, many without physical grain, citing Law 26.351’s possession requirement.
  • The Rosario Board of Trade reported price fixation on about 4.4 million tons during the window, far below volumes implied by the cap, fueling questions about unbacked registrations.
  • ARCA chief Juan Pazo and Economy Ministry adviser Felipe Núñez denied any prior collusion and said exporters must buy roughly US$4,000 million in grain from producers within 90 days.
  • Provincias Unidas governors set a Sep. 30 meeting in Chubut to coordinate a response ahead of the Oct. 26 legislative elections, as some leaders advocate permanent duty removal paired with infrastructure upgrades.