AIRLINK 62.22 Decreased By ▼ -0.26 (-0.42%)
BOP 5.34 Decreased By ▼ -0.02 (-0.37%)
CNERGY 4.49 Decreased By ▼ -0.09 (-1.97%)
DFML 15.48 Decreased By ▼ -0.02 (-0.13%)
DGKC 66.10 Decreased By ▼ -0.30 (-0.45%)
FCCL 17.38 Decreased By ▼ -0.21 (-1.19%)
FFBL 27.75 Increased By ▲ 0.05 (0.18%)
FFL 9.34 Increased By ▲ 0.07 (0.76%)
GGL 10.11 Increased By ▲ 0.05 (0.5%)
HBL 106.25 Increased By ▲ 0.55 (0.52%)
HUBC 122.01 Decreased By ▼ -0.29 (-0.24%)
HUMNL 6.53 Decreased By ▼ -0.07 (-1.06%)
KEL 4.54 Increased By ▲ 0.04 (0.89%)
KOSM 4.42 Decreased By ▼ -0.06 (-1.34%)
MLCF 35.98 Decreased By ▼ -0.22 (-0.61%)
OGDC 123.02 Increased By ▲ 0.10 (0.08%)
PAEL 22.94 Decreased By ▼ -0.06 (-0.26%)
PIAA 31.15 Increased By ▲ 1.81 (6.17%)
PIBTL 5.85 Increased By ▲ 0.05 (0.86%)
PPL 107.71 Increased By ▲ 0.21 (0.2%)
PRL 27.30 Increased By ▲ 0.05 (0.18%)
PTC 17.74 Decreased By ▼ -0.33 (-1.83%)
SEARL 53.25 Increased By ▲ 0.25 (0.47%)
SNGP 62.85 Decreased By ▼ -0.36 (-0.57%)
SSGC 10.66 Decreased By ▼ -0.14 (-1.3%)
TELE 9.15 Decreased By ▼ -0.05 (-0.54%)
TPLP 11.61 Increased By ▲ 0.17 (1.49%)
TRG 71.14 Increased By ▲ 0.28 (0.4%)
UNITY 23.71 Increased By ▲ 0.09 (0.38%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,945 Increased By 1.4 (0.02%)
BR30 22,828 Increased By 0.5 (0%)
KSE100 67,187 Increased By 44.8 (0.07%)
KSE30 22,103 Increased By 13.1 (0.06%)
Markets

Argentine agriculture ministry says it lifts corn export limit

  • "These meetings allow us to continue advancing in making private interests compatible with the need of the state to guarantee essential goods throughout the national territory," the ministry's statement said.
Published January 13, 2021

BUENOS AIRES: Argentina said on Tuesday it lifted a 30,000-tonne-per-day limit recently placed on corn exports, which had caused farmers to go on a sales strike in protest.

Growers have withheld crops from market since early Monday, angered by what they said was overzealous intervention in the markets. The government said the curb was intended to ensure ample domestic food supplies and stable prices.

As part of a deal negotiated with farm groups and export companies on Tuesday, the agriculture ministry said a commission would be named to monitor domestic corn prices.

"These meetings allow us to continue advancing in making private interests compatible with the need of the state to guarantee essential goods throughout the national territory," the ministry's statement said.

The three-day sales strike had caused concern in a country desperate for export dollars as it contends with a long recession and the COVID-19 pandemic.

The 30,000-tonne limit on corn exports replaced an earlier government decision to suspend all corn shipments in January and February. Farmers slammed both measures as unnecessary.

Comments

Comments are closed.