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ES
Argentina cuts grains export duties to zero to bring in dollars
['Buenos Aires Herald']
Buenos Aires Herald
Argentina will slash export duties on all grains to zero until October 31, Presidential Spokesman Manuel Adorni announced on Monday morning.
Adorni added on Monday afternoon that export duties on beef and poultry would also be eliminated.
At the start of the year, the government announced a temporary cut in export duties.
Cutting export duties to zero means the government is temporarily foregoing a significant source of tax income in order to incentivize exports that will bring in dollars.
The rural sector has said that the national 2026 budget presented last week implies the government is not planning further cuts to export duties, since the budget contains forecasts that income from export duty will rise by 23% next year.
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