Argentina suspends grain export taxes to raise dollars
Tax break on soy, corn and by-products runs to October 31Argentina will remove export taxes on all grains for more than a month to boost the supply of dollars during that period, Reuters reported, citing government spokesman Manuel Adorni on Monday.
Argentina is the world's top exporter of soybean oil and meal and the third-largest exporter of corn.
The measure will include grains and by-products such as soybean oil and meal, according to the country's Official Gazette.
The tax relaxation will last until October 31 or until it reaches an amount equivalent to $7 billion, the decree added.