Tuesday, March 31, 2009

Breaking News-RTRS-Argentine farmers end strike, vow to fight soy tax

BUENOS AIRES, March 27 (Reuters) - Argentine farmers wrapped up a week-long strike on Friday, vowing to lobby Congress to cut the soy export taxes that have fueled a bitter year-long conflict with the government.
Farmers in the agricultural powerhouse halted sales of soybeans, other crops and livestock for seven days, bringing local grains and cattle markets to a standstill and helping drive U.S. soy futures to a five-week high this week.
Despite the end of the strike, farm leaders said they would keep on fighting the soy levies as the country prepares for mid-term elections in June, seen as a key test for President Cristina Fernandez.