The Argentine wheat milling industry threatened by interest rates, black market, and export taxes

The chairman of the Argentine wheat milling industry (FAIM) Diego Cifarelli talked with the local media about the crisis that is affecting this industry. The following are the key points of his interview. Export taxes. Cifarelli comments that the milling industry is paying US$30 per flour ton exported, while export traders pay only US$20 per raw grain per tonne exported. “We are losing competitiveness in this way. Why does would somebody bother milling wheat if he could export the grain?”, Cifarelli asks…
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