Argentina sets new requirements for corn exports

The Argentine government established new requirements for the registration of corn exports, as it estimates a record harvest of approximately 60.5 million tons for the 2020-2021 season.

RIO DE JANEIRO, BRAZIL - According to the new provisions, shipments of operations with physical stocks of grain and designated vessels with estimated date of arrival will be authorized, in order to prioritize companies with agreed sales.

Producers opposed the new administrative requirements, saying that in practice they will slow down future shipments, especially those that have not yet been contracted.

"To continue intervening and bureaucratizing the markets is a very bad indication that causes distrust among producers," said on Tuesday the president of the Argentine Rural Society Nicolás Pino, which comprises the agricultural employers' associations.

"We have been experiencing . . .

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