Buenos Aires — Argentina has not ruled out the possibility of increasing taxes on food exports as part of its effort to control high inflation, the president’s Deputy Chief of Staff Cecilia Todesca said in a local radio interview on Thursday, according to this Reutersreport.
Consumer prices in the grains exporting country rose by more than 36% last year, heaping economic problems on families also hit by a recession that started in 2018 and fallout from the COVID-19 pandemic.
In recent months, international prices of soybeans and corn have reached their highest levels in years. Argentina is the world’s No. 3 corn exporter and the top international supplier of soymeal livestock feed.
To read the full Reuters report, click here.
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