Financial Times FT.com

Argentina tariff bill calms farming crisis

By Jude Webber in Buenos Aires

Published: June 18 2008 20:37 | Last updated: June 18 2008 20:37

A decision by Cristina Fernández, Argentina’s president, to seek congressional approval for the country’s export tariff regime has calmed a political crisis that has sparked a bitter conflict with farmers and paralysed agricultural exports.

But the surprise move on Tuesday is not likely to lead to an immediate resumption of grain exports in the world’s third-biggest soy producer, sixth-biggest wheat producer and second-biggest corn exporter, analysts say.

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