Argentina Suspends Agro-Export Taxes to Scoop Up Dollars

Argentina's government on Monday temporarily eliminated export taxes on grains and their by-products, as well as on beef and poultry, in a bid to speed up sales abroad and rake in much-needed dollars to prop up the flagging peso currency.

Just over a month ahead of congressional elections, President Javier Milei's government has faced setbacks in the legislature which have caused nervous investors to turn to the safe-haven dollar and forced the central bank to dip into its dwindling reserves.

The decree published Monday suspends export taxes on soy, corn, wheat and their by-products, including biodiesel. It will last through the end of October, or until declared exports reach $7 billion...

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