Tuesday, March 24, 2009

Breaking News-RTRS-Argentine farmers strike against government soy tax

BUENOS AIRES, March 23 (Reuters) - Argentine farmers refused to sell their grains and livestock on Monday in a commercial strike aimed at pressuring the government and Congress to lower export taxes on soy, the country's top crop.
Farmers are angry over the government's refusal to reduce soy levies, even though global prices for the oilseed have slid and a drought has cut production. The battle over soy taxes first flared one year ago, and it has escalated ahead of mid-term congressional elections.