AreaArgentina

Commodity GroupGrains

CommodityWheat

Date04/03/2022

Policy CategoryConsumption and marketing

Policy InstrumentGovernment market intervention

DescriptionAgreed with flour mills and exporters to set up a ’trust’ mechanism to temper food inflation and control domestic wheat prices. For each tonne of wheat declared for export, agricultural exporters must pay a certain percentage into a trust, which would be capped at 1 percent. The fund will be used to subsidize the industry that produces food for the local market. The price mechanism would remain in place until the end of January 2024 and would focus on domestic sales of wheat flour and dry pasta.