Luis Caputo announced that tariffs for the import of herbicides will be lowered

Luis Caputo announced that tariffs for the import of herbicides will be lowered

Through the social network

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The Minister of Economy, Luis Caputo, announced this Monday that the Government will reduce in April the import tariff on different herbicides, just over a month before the start of wheat sowing for the 2024/25 campaign.

“During the month of April we will be taking the following measures to favor agriculture: ‘reduction in herbicide tariffs and improvement in approvals of Senasa permits’, stated the Minister of Economy in his account on the social network X (formerly Twitter).

Argentina is a key global exporter of food and Herbicides are a fundamental piece for your agricultural production.

“Herbicides based on Atrazine, Glyphosate and 2-4-D will lower (their import tariff) from 35% to 12.6%,” he said. Caputo, adding that “We will reduce the tariff on primary Atrazine, from the current 24% to 10.8%.”

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In the second half of May, The agricultural sector will begin the 2024/25 campaign, with the beginning of cereal sowing. The outlook prior to the start of implementation is one of low global prices and high production costs.

According to the Buenos Aires Cereal Exchange, Argentina harvested 15.1 million tons of wheat in the 2023/24 cycle.

Source: Ambito

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