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Argentina Strips INYM of Price-Setting Authority in Yerba Mate Market

The Milei administration frames the overhaul as a modernization that confines the institute to quality control.

Overview

  • Decree 812/2025, published in the Boletín Oficial, rewrites Article 8 of Decree 1240/2002 to bar INYM from measures that distort prices or restrict competition.
  • INYM loses the ability to set reference prices paid to growers and must review and align its internal rules within 30 days.
  • The decree repeals Articles 9 and 11–19 of Decree 1240/2002, eliminating tools for limiting plantings, imposing quotas, and other market controls.
  • Officials say the change aligns with DNU 70/2023 and competition principles; the order is signed by President Javier Milei, Chief of Staff Manuel Adorni, and Economy Minister Luis Caputo.
  • A government report cites a 44.3% drop in real yerba prices since December 2023 with production up 29% and exports up 16.6%, as producer groups warn of a sector crisis and lower farmgate payments of about ARS 280,000 per ton in October; exports reached 42 million kg by September with projections above 50 million kg for 2025.