Milei’s victory is an opportunity for “radical change” in the grain sector

BUENOS AIRES (Reuters) – The election of Javier Milei as Argentina’s president offers an opportunity for a “radical change” in policy for the grain sector, the country’s main rural associations said late on Sunday, offering to work “side by side.” to work for the libertarian.

Argentina is one of the world’s largest exporters of soy, corn, wheat and beef. However, grain and livestock producers have been demanding for years the abolition of taxes and caps that they blame for hurting grain and meat exports.

Milei, a far-right libertarian, promises to shrink the size of the state and cut taxes. He also wants to eventually close the central bank and turn the economy into dollars – more radical ideas that he may find difficult to implement.

“A great opportunity has opened to work together for a radical change in current policies,” the Argentine Rural Society (SRA) said in a statement.

The South American country is in deep economic crisis, with triple-digit inflation, a series of capital controls affecting trade and a lack of foreign reserves.

CONINAGRO, another major agricultural association in Argentina, said in a statement that “we are at the beginning of a new phase that we hope will bring well-being to all Argentines” and congratulated the president-elect.

Meanwhile, the Argentine Rural Associations (CRA) called on Milei to work with the agricultural sector and called for tax deregulation.

(Reporting by Maximilian Heath; Writing by Adam Jourdan; Editing by Christopher Cushing)

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