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Argentina Mulls Tighter Wheat Export Controls as Crop Withers

  • Local millers are concerned about domestic supply shortfalls
  • More restrictions could add to global wheat market tightness
A combine harvests wheat near Balcarce, Argentina.
A combine harvests wheat near Balcarce, Argentina.Photographer: Diego Giudice/Bloomberg

Argentina is considering tightening the screws on wheat exports as a drought withers plants that are harvested at year-end and food inflation spirals, according to people with knowledge of the matter.

The government has convened a meeting with exporters because of concerns among domestic millers that there won’t be enough wheat available locally, said the people, who asked not to be identified discussing confidential emails.