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Presidential frontrunner Alberto Fernández said he would likely keep the existing agricultural export levies (retenciones) introduced under Macri if elected on October 27. He cited the fiscal deficit as the reason it is hard to ease the pressure on exporters.
Keeping export taxes in place maintains a cost on Argentine grain and oilseed exports, which can slow farmer selling and modestly support world prices. The measure is a stated intention rather than a change in law.
batimes.com.arJames GraingerOct 7, 2019After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
