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They extend the suspension of withholdings on dairy products

The decree establishes that the situation of low international prices for dairy products generated a lower payment capacity of the industries towards producers added to weak demand.

Ministry of Economy

The Government extended until June 30 the suspension of withholdings to dairy products, a measure that was taken on October 3, 2023 by the Government of Alberto Fernández. Meanwhile, there will be no refunds for exports from the sector, as established by Decree 9/2023 published in Official bulletin.

The decree establishes that the situation of low international prices for the dairy productss generated a lower payment capacity of industries towards producers. And, added to a weak demand from the main world consumer, Exported volumes and foreign exchange income were affected during 2022 and 2023.

In view of this, “it is necessary, in order to continue and improve the income level of producers and the industry, promote the development and incentive of production and the addition of national value, boost sales to foreign markets, improve the competitiveness of the chain and strengthen the roots and permanence of the rural population in each region of our country, and extend until June 30, 2024, inclusive, the suspension of Export Rights for the tariff positions of the COMMON NOMENCLATURE OF MERCOSUR (NCM) corresponding to certain dairy products and their derivatives, which were provided by Decree No. 506/23″.

The novelty bears the signatures of the chief of staff, Nicolas Posse and the Minister of Economy Luis Caputo.

Field: the following tariff positions remain suspended

  • Whole milk powder
  • Skimmed milk powder
  • Hard cheese
  • Soft cheese
  • Other cheeses
  • milk butter
  • Milk cream
  • Other fatty dairy products

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