Argentina switches to corn export cap

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Argentina switches to corn export cap

Argentina’s government has ended its corn export registry suspension after less than two weeks.

Instead of halting exports until the end of February to ensure an adequate domestic feed supply, Argentina’s government will instead cap sales at 30,000 tons a day until the new crop harvest starts.

The move follows meetings Argentina’s government and major grain groups, but those grain groups say they will continue a sale strike announced last week until the end of this Wednesday.

Argentina is the third largest global exporter of corn following the U.S. and Brazil.