Argentina's economic crisis affects Japan's corn purchase

Lead: Tokyo, April 23 (Reuters) - Japanese grain buyers have not signed a trade contract with Argentine shipowners since late March Due to the adjustment of Argentine export tariffs, they are still worried about buying grain from South American countries due to the Argentine economic crisis Traders claim that Japanese companies have not bought Argentine food since the end of March because of the Argentine government's decision to raise export tariffs At the end of March, a Japanese importer signed a contract to purchase a shipment of Panamanian tons of sorghum and corn in May As one of the world's largest exporters of food, oilseeds and their products, Argentina raised export tariffs at the end of March to increase its income as a result of four consecutive years of economic recession In April, the Argentine government raised the export tariff of grain, oilseed, vegetable oil and vegetable oil meal to 20% Argentina mainly supplies corn and sorghum to the Japanese market, with relatively few other varieties Last Wednesday, Argentina's government issued a law requiring exporters to impose tariffs on agricultural products when they ship rather than when they purchase, adding to the confusion in the market The government on Friday ordered the removal of export tariff adjustments because of strong opposition from grain exporters "The situation in Argentina is so chaotic that the Japanese trade bank will not risk buying Argentine goods," said a Japanese trader Under normal circumstances, Japanese companies are looking for Argentine corn and sorghum Shipment from March to July However, due to changes in export tariffs, it is impossible for Japanese buyers to trade with Argentine shipowners for the rest of the market year "If the grain industry in Argentina operates normally, Japan can buy more than four batches of Argentine corn and sorghum," he said But now it seems that Japanese buyers have no choice but to buy American goods (author:) share to feed Weibo share to: