The Argentina is experiencing a total paradigm shift under the leadership of President Javier Milei, who has decided to dismantle the structure of exploitation that has suffocated those who produce the country's wealth for decades. In the context of the celebration of the 172nd anniversary of the Buenos Aires Grain Exchange, the president sent a strong signal to the global market: the time of the State as the enemy of agriculture has ended.
This announcement is not an isolated event, but rather the direct consequence of an unprecedented macroeconomic reorganization that has allowed the Central Bank to achieve 92 consecutive days of foreign currency purchases, recently adding another USD 145 million and approaching 90% of the annual reserve accumulation target.
In a decision that will have an immediate impact on the competitiveness of exports, the head of state confirmed that the scheme of export duties will begin to be drastically reduced. For wheat and barley crops, the rate will decrease from 7.5% to 5.5% starting in June of this year.
