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News and analysis on the global poultry
and animal feed industries.
on August 28, 2009

Argentine farmers suspending some grain and beef sales

Decision made after government vetoed tax-exemption law.

Argentine farmers decided to stop some grain and beef sales for a week after the government vetoed parts of a bill that would have provided export tax exemptions for six months to drought-struck growers in Buenos Aires, according to Bloomberg.

Sales to industry and exporters will remain suspended from August 28 through September 4, Carlos Garetto, president of farm group Coninagro, was quoted as saying.

The government, however, maintains that President Cristina Fernandez de Kirchner vetoed the bill to prevent farmers from evading taxes by falsely claiming that their produce came from drought-affected areas.

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