RIO DE JANEIRO, BRAZIL - The Argentine government is expected to announce a package of measures tomorrow that President Alberto Fernández calls a "war on inflation" and that includes export restrictions on several products.
According to Argentine media, the restrictions will not affect corn, wheat and soybeans, but derivatives such as soybean oil and flour, for which the export tax (retenciones) will be raised from 31% to 33%.
If confirmed, the measures would have the effect of increasing tax revenues and expanding product supply in the domestic market, theoretically leading to a decline in prices.
The package is a government . . .
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