The president of the Argentine Rural Society emphasized that the government has communicated that it is not feasible to eliminate grain export taxes in the near future.
Nicolás Pico, president of the Argentine Rural Society (SRA), has reaffirmed that the national government has stated that the conditions are not suitable for eliminating export taxes on grains. This comes in response to rumors that President Javier Milei might announce a cancellation of these taxes during the upcoming Expoagro, scheduled for March 10. Pico clarified that both Milei and Economy Minister Luis Caputo confirmed to him that such a move is not currently possible.
In a conversation with Radio Mitre, Pico expressed surprise at the rumors circulating over the weekend regarding the potential elimination of grain withholdings. He took the initiative to speak directly with both the President and the Economy Minister, who assured him that the government would not make such an announcement, highlighting the government's cautious approach to economic policies regarding agricultural exports. Despite his personal connection with Milei, Pico emphasized his responsibility as SRA president to clarify the situation and inform the agricultural sector accurately.
The implications of this statement are significant for Argentine agricultural producers, as the withholdings are a major source of revenue for the government but often seen as a burden on farmers. The ongoing discussions about these taxes reflect broader economic conditions and policy considerations that influence the agricultural sector's sustainability and profitability. Producers are seeking clarity from the government as they navigate the challenges faced in the current economic climate.
