Argentina: Argentine Government Announces New Wheat and Corn Export Quotas

The Government of Argentina has announced new limits on corn and wheat exports. These limits are intended to guarantee sufficient supplies of both commodities for domestic users, in part to help reduce inflationary pressure. The quotas are intended to be flexible, based on supply, with an initial wheat export quota of 12.5 million metric tons set for the 2021/2022 marketing year. The corn export quota for the 2020/21 marketing year is set at 41.6 million tons.