Argentina has reapplied temporarily suspended export taxes on grains and their by-products, as well as beef and poultry, after reaching a sales cap of $7 billion, Reuters reported, citing Argentina's ARCA fiscal agency on Wednesday in a post on social media.
On Monday, the government issued a decree suspending export taxes on soy, corn, wheat and their by-products, including biodiesel, aiming to accelerate sales abroad and secure much-needed dollars to stabilize the flagging peso currency.
Argentina, one of the world's top grains suppliers, relies on the agricultural sector to generate foreign currency.
The suspension was set to last through the end of October, or until declared exports reached $7 billion. Exports reached the sales limit after two days.
