Presidential candidates Scioli and Macri vow to decrease soy duties

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By Buenos Aires Herald

Farmers will benefit from increased incentives next year because both candidates in the November 22 runoff have vowed to eliminate wheat and corn export duties, while promising steep decreases on soybean export duties.

Top advisers for Victory Front (FpV) candidate Daniel Scioli and Let’s Change (Cambiemos) contender Mauricio Macri said both would immediately scrap the 20-to-23 percent export tax now levied on wheat and corn exports. That measure has been a long-held demand by environmentalists who say the country’s farms are in desperate need of crop rotation after years of soil erosion caused by over-planting soy.

The two candidates disagree, however, on how much the soybean levy should be decreased from the current 35 percent. Scioli has vowed to... (Read More)