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Return to Food Protectionism Is Riling Farmers in Argentina

  • Government wants to shield consumers from surging grain prices
  • Growers’ concerns are also rippling through commodity markets
Harvested corn in Ines Indart, Argentina. 

Harvested corn in Ines Indart, Argentina. 

Photographer: Diego Giudice/Bloomberg

Updated on

A ban on corn exports in Argentina is fanning fear among farmers and traders that one of the world’s top food suppliers is returning to an era of brutal meddling in crop markets.

The measure creates yet another driver for surging global grain futures, given Argentina is the third-largest shipper of corn, and stokes concern of an up-tick in food nationalism around the world as the pandemic disrupts trade.