Breaking News-RTRS-UPDATE 2-Argentina gives provinces a share of soy taxes

BUENOS AIRES, March 19 (Reuters) - Argentina's president unveiled a plan on Thursday to share soy export tax revenue with provincial governments, in what farmers called a ploy to broaden support for a levy they despise.
Center-left President Cristina Fernandez said 30 percent of soy tax proceeds would go to the provinces, estimating the annual sum at $1.78 billion. This would boost provincial income from shared revenue by 11 percent, she added.
But farm leaders who are lobbying Congress for lower soy export taxes rejected the measure, raising the specter of fresh protests as part of a year-long standoff over government policy.