11/24/2015

Argentina in for a radical post-election grains output increase

By the end of President-elect Mauricio Macri's first four-year term, Argentina will have doubled wheat shipments and surpassed Russia and Brazil as a corn exporter, as the abandonment of years-long trade restraints unleashes the full potential of the country's vast Pampas farm belt.Opposition leader Macri beat ruling party candidate Daniel Scioli in Sunday's election, effectively ending the eight-year, production-sapping feud between farmers and outgoing President Cristina Fernandez, who clamped down on shipments of food-related grains in a bid to damp double-digit inflation.