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Argentina Seeks to Clamp Down on Soybean Hoarding, Cronista Says

Argentina’s tax agency will start a campaign to check if farmers are hoarding soybeans and force them to sell their harvest, newspaper Cronista Comercial reported, citing government officials that it didn’t name.

The remaining soybean harvest is estimated at 1 million to 1.2 million tons, Cronista reported. At yesterday’s closing prices that would equal about $645.4 million of revenue, of which the Treasury gets 35 percent, Cronista said.

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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