The new federal government has hiked export levies on soy, wheat and corn, Reuters cited an official decree as saying, hitting farmers to raise revenue needed to avoid default on a mountain of looming sovereign debt. Center-left Peronist Alberto Fernandez reportedly boosted the rate for soybeans, soyoil and soymeal to 30% from about 25% and lifted the levy on corn and wheat to 12% from around 7%. The decree also raised beef export taxes to 9% from 7%.
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