GFM Network News





Argentina planning temporary cut on soy export taxes

Farm industry sources say the move should spur more exports from the Latin American nation

Argentina plans to temporarily cut soybean and soymeal export taxes by three percentage points to 30 per cent to help stimulate export revenue as the country struggles with recession and dwindling foreign reserves, a local industry source said Oct. 1. The tax cut would last until the end of the year. The export levy would

Soy versus corn?

Argentine farmers weigh high prices, dryness as planting season hits

High soy prices are expected to support planting in Argentina this season, but that will be balanced by dry weather, which is driving farmers across the Pampas Grains Belt to favour late-season corn, which also has attractive prices. Argentina is the world’s top exporter of soymeal. Soy, which is the country’s main cash crop, competes

Argentina says hit by second locust swarm, farmers on alert

Buenos Aires | Reuters — Grains powerhouse Argentina is getting hit by a second swarm of locusts arriving from neighbouring Paraguay, Argentina’s Senasa agricultural health inspection agency said on Tuesday, putting farmers on notice about possible crop damage. The new swarm is concentrated in the province of Formosa in north-east Argentina, on the Paraguay border.


Argentina jockeys to get its barley into Chinese beer

The Latin American nation hopes to displace Australia during a trade dispute

Argentina is jockeying to get more of its malt barley into Chinese beer, now that Asia’s mega-economy is locked in a trade fight with its top barley supplier Australia, according to industry sources in the South American grains powerhouse. China is the top global importer of malt barley for making pale lagers and other beers, while Saudi Arabia is the top importer

Argentine grains port workers request exports be suspended due to pandemic

COVID-19: The country has 502 confirmed cases and eight deaths

A labour union representing Argentine grains port workers has asked the government to suspend exports, a move that would put upward pressure on world soy prices and hobble the country’s main source of revenue as it seeks to avoid default. The URGARA union, which represents inspectors who check the quality of grains before they are

Argentina’s main corn, soy areas getting adequate rains

Reuters – Rains have been ample in key parts of Argentina’s breadbasket province of Buenos Aires, but they have been uneven and raised concern about crop yields in some isolated areas, a grower and climatologist said Feb. 3. The South American grains powerhouse is a major source of corn and soybean exports and Argentina’s top


Argentine farmers plant more soybeans

Argentina’s government and the country’s main grains exchange increased their soy-planting estimates Nov. 21, as growers hedge against political uncertainty by shifting toward oilseeds, which are cheaper to grow, and away from more expensive corn. Argentine President-elect Alberto Fernandez, set to take office on Dec. 10, has said little about his farm policy plans. But

Social life revolves around weekend barbecues for Argentines, wealthy or poor.

Steak-crazy Argentines keep buying beef

A recession and run on their peso is 
making the staple protein much more expensive

Times are hard in recession-hit Argentina and the peso currency’s latest crash has jolted food prices higher. But in a country where eating beef is considered more a right than a luxury, people are stretching their budgets to keep buying steak while butcher shops see profit margins shrink. Social life revolves around weekend barbecues for