Argentina extends suspension of dairy export taxes

The Argentine government announced the decision to extend the suspension of export taxes on dairy products until June 30, 2025. In a statement, the country’s Bioeconomy Secretariat said the enacted decree also establishes a 0% refund level for these products, “aiming to encourage investment, increase production, improve processes, and incorporate technology.”

According to the statement, dairy exports saw an annual increase of 7% in volume during the first five months of the year. Foreign exchange revenue amassed US$559 million during this period, “despite the adverse effects of the drought in important productive basins and the consequences of the ‘corn leafhopper,’ which affected the diet of dairy cattle.”

Source: Broadcast Agro

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