Argentine farmers began a four-day sales strike on Monday to protest the government's hike of export taxes for soyabeans and their byproducts, though shipments were not impacted in the major global food exporter.
Three of the South American country's four main rural associations announced the strike last week in frustration over the government's decision to raise soya export taxes to 33% from 30% amid a deep economic crisis. The impact of the strike would likely be visible by Tuesday when grains and beef already sold will not arrive at ports, industry experts said.
"Surely, tomorrow we'll feel it," Guillermo Wade, head of Argentina's CAPyM port operators' chamber, said in reference to the port area of Rosario, from where about 80% of the country's grains and byproduct exports are shipped. About 4,800 trucks carrying grains entered the terminals on the Parana River at Rosario on Monday, according to CAPyM data.
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