BUENOS AIRES, April 23 (Reuters) – Argentina is contemplating a rise in grains export taxes, an official advised native radio on Friday, sparking concern amongst farm leaders who’ve lengthy apprehensive that the Peronist authorities may additional intervene within the markets in a bid to manage inflation.
The South American grains powerhouse is the world’s No. three corn provider and prime exporter of soymeal livestock feed. It already slaps a 33% tax on worldwide soybean exports; 31% on soymeal and soyoil; and 12% on corn and wheat.
“A rise in export taxes is being analyzed,” Home Commerce Secretary Paula Espanol mentioned in a radio interview.
“It could not increase my pulse to take measures which might be wanted to maintain costs down.”
The federal government moved early this yr to extend export taxes and restrict worldwide grains shipments. However it ditched these plans following pushback from growers and export firms.
The farm sector was fast to reply to Espanola’s feedback.
“Statements of this tenor once more?,” tweeted Carlos Iannizzotto, head of the CONINAGRO farmers’ affiliation.
“These premature statements unnerve our growers, generate concern and widen the political rift,” he tweeted.
(Reporting by Maximilian Heath and Hugh Bronstein; Modifying by Richard Chang)
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