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.
Mexican politicians are saber rattling against the US agriculture sector, and it looks like Argentina is ready to fill the gap. In effect Mexico's agriculture minister said on Thursday he will lead a business delegation to Argentina and Brazil to explore buying yellow corn, part of a drive to lessen Mexico's U.S. dependence given uncertainty over President Donald Trump's trade policies.