translated from Spanish: Government postpones rise in soybean withholding

Yesterday, a meeting was held between Luis Basterra, Minister of Agriculture of the Nation, and representatives of the Liaison Board, an agency that nucleates agricultural leaders. The conclusion of the meeting was the suspension of the increase in withholding to soybeans, which was expected to be 3%. 

“There is no decision made. Today it’s all under scan, there’s no number defined. I’m going a little quieter than I came. According to the news we had, we were going to have an announcement next Sunday. They confirmed that this is not going to be the case,” said Jorge Chemes, President of Confederations Rurales Argentinas (CRA), as he retired from the Ministry of Agriculture. The reference to Sunday alludes to the expected of President Alberto Fernández to announce the increase during the opening of the regular sessions of the Congress.
“There’s not going to be any ads until we’re done closing a number. That’s why we’re going to meet again next week. Our goal is that 3% of soybeans will not be carried forward. Minister Basterra will discuss it with the Economy team,” Chemes added

The meeting was held in the Ministry of Agriculture and on behalf of the producers, in addition to the aforementioned Chemes, were attended by the President of the Argentine Rural Society (SRA), Daniel Pelegrina; the president of the Argentine Agrarian Federation (FAA), Carlos Achetoni, and the President of the Intercooperative Agricultural Confederation (CONINAGRO), Carlos Iannizzotto.De this form, will meet again next week to define the new schemes for withholding sniting to soybeans to tax 33% and the reduction of aliquots in 10 products from regional economies, meanwhile wheat and maize will remain at 12%. In this note:

Original source in Spanish