Announced the week after the Central Bank was forced to sell over a billion dollars to defend the peso, the measure will last until October 31, five days after the national mid-terms

The figure represents a 57% increase compared to July 2024 and a 20% bump compared to June of this year

The decision comes less than a month after the administration had increased the tax on a plethora of products

Barley and wheat will continue to benefit from the temporary break, which the government had announced in January

The decision affects wheat and barley but does not include soybeans or corn

Agricultural exporters requested the temporary reduction set in place last January be made permanent

The government established a series of conditions in the decree that brings the duty cut into force

So far, 45% of the harvest has been sold, leaving over 10 million tons in the hands of producers.

The government’s ambitious plan for a 2% surplus depends on issues that Congress must debate. Will they pass?