"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.
So, with scant incentive to produce, farmers have slashed the land sown with wheat to a 111-year low, and cereal exports from the rolling pampas of what should be a breadbasket country have virtually halved over the past five years."
“It’s one thing for the world market to be going crazy, but we aren’t particularly in the world market,” said Sean Cameron, a farmer and vice-president of the producers’ association Aaprotrigo. “We’re allowed the price the government decides.”
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