Argentine farmers strike after suspension of official intervention in corn exports

Grain silos are seen at a Grobocopatel Hermanos company storage plant in Carlos Casares, Argentina Silos for grains in a storage plant of the Grobocopate company in Carlos Casares. Buenos Aires. Argentina. File photo Apr 16 2018 REUTERS / Agustin Marcarian

BUENOS AIRES, Jan 13 (Reuters) – Argentine agricultural producers announced on Wednesday that they had suspended a commercial strike that was initially set to continue until the end of the day, after the government agreed to their request to back down from an intervention in the corn export market.

Three of the main rural associations in Argentina – CRA, FAA and SRA – had started the protest on Monday in rejection of the decision that the Argentine government took at the end of December to suspend the registration of corn exports with a shipment date between January and February.

On Monday, the Government agreed to allow the registration of a daily quota of 30,000 tons of corn for export, but, after receiving strong criticism from the agro-export chain, on the previous day it announced that it was ruling out the intervention, which sought to guarantee the domestic demand for the cereal. .

“Once the export closure is lifted, the measure is lifted,” said the president of the Argentine Agrarian Federation (FAA), Carlos Achetoni, in a press conference after a meeting with representatives of the Argentine Rural Confederations (CRA) and the Argentine Rural Society ( MRS).

“It has clearly been shown that (the official measure) was a mistake,” said Daniel Pelegrina, president of SRA, adding that “our objective has been achieved.”

Argentina is the world’s leading exporter of soybean oil and flour, the third largest of corn and an important global supplier of wheat.

However, the measure of agricultural producers had no impact on shipments of agricultural power due to its short duration. The chamber of grain exporters and processors said Tuesday that the companies had reserves to operate smoothly for the duration of the protest.

(Reporting by Jorge Iorio; Written by Maximilian Heath; Edited by Walter Bianchi)

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