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.

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