Mexico: Fernández threatens to raise taxes on farm exports

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(Buenos Aires Times)

If the farm industry continues to sell food at home for the same prices at which it exports, the government will take matters into its own hands, warns Peronist leader.

President Alberto Fernández is threatening farmers with a tax hike or quota for exports as he seeks relief for families grappling with inflation that’s forecast to reach 47 percent this year.

If the farm industry continues to sell food at home for the same prices at which it exports, the government will take matters into its own hands, Fernández told Pagina/12newspaper in an interview this weekend, providing beef as an example.

Sales abroad of Argentina’s famed red meat are at a record, fuelled by China, while domestic consumption is slumping.

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