Details of the re-instated export tax by Argentine Government are 3 Peso’s per USD on blanched peanuts (at current USD/ARS rate that is about 7 to 7,5 per cent) and 4 Peso’s on raw peanuts ( at current rate about 11 to 12 per cent). Government expects the ARS to devaluate further and that later the burden is a lower percentage of the export price. But with the export rebate that was cut last month as well by 2,5 per cent, the total tax burden has increased significantly.
BREAKING NEWS ARGENTINASeptember 11, 2018
ARGENTINA: Details reinstated export tax. bullish ↑BREAKING NEWS ARGENTINA
ARGENTINA: Very low yields will create tention in the market. bullish ↑BREAKING NEWS ARGENTINA
August 8, 2018