Argentina authorized exporters to delay soy shipments for up to 60 days, the government said in a resolution on Tuesday, as the country battles a historic drought that slashed production. The measure comes a day after the Argentine government launched a preferential exchange rate of 300 pesos per dollar for soy exports.
In March, Argentina allowed exporters to delay corn shipments for up to 180 days. Late last year, wheat exporters were allowed to delay shipments.
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