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Proposed policy updates might affect grain movement in Argentina

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A senior market advisor with Total Farm Marketing says currency and trade tax adjustments proposed by a newly elected leader in Argentina could make the country’s commodities more competitive globally.

Naomi Blohm says Argentina’s new president wants to lower the value of the peso and adjust export taxes, but it’s unclear how that would happen.

“There are a lot of new policies that could potentially happen there. I don’t think it’s something that happens overnight, but I think the entire industry is trying to wrap its head around what might or might not happen.”

Last year, Argentina’s crop production was cut in half due to the drought.

Proposed policy updates might affect grain movement in Argentina