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Argentina's farmers unable to fill wheat gap
Financial Times
August 10, 2010

By Jude Webber in Buenos Aires

Wheat planting under way in Argentina. One leading producer said the world could not rely on the country to fill any shortfall left by Russia's export ban

It hardly matters to Argentina how high international wheat prices go in the wake of Russia's export ban: its producers are unlikely to be able to cash in.

For the past four years Argentine farmers have been grappling with wheat export limits, which the government says are to protect domestic prices, and also pay 23 per cent in export taxes, further discouraging overseas sales.

To view full text of the article, visit: http://www.ft.com/cms/s/0/910f25ac-a4a8-11df-8c9f-00144feabdc0.html

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