Paraguay's business-friendly ruling party lost fewer seats in Sunday's Senate election, than expected, ensuring strict fiscal policies while lessening chances of a tax hike on the key soy sector. Farmers in the world's No. 4 soybean exporter had feared that the new Senate might approves a measure, defeated last year, that would slap a 10% levy on exports.
Argentina has set a maximum rate paid for port docking and undocking services, the government said in its official gazette, a change the Transportation Ministry said would slash docking costs by up to 40%. The move comes as President Mauricio Macri seeks to lower the cost of exporting food from the world’s No. 3 soy and corn exporter and the leading shipper of soybean livestock feed.
Argentina's bread-basket province of Buenos Aires will remain mostly dry over the days ahead, meteorologists said on Tuesday, after reporting scant rains over the weekend in the country's biggest and most productive farm area.