Puzzling wheat prices raise fears of manipulation in Argentina

Ever since it became clear last year that the party of former presidents Nestor Kirchner and his widow Cristina Fernandez would return to power, farmers have feared a resumption of anti-export policies. Foto: AP/Natacha Pisarenko

Farmers in Argentina are worried that wheat-price anomalies signal the ruling Peronist party is starting to meddle in grain markets just months into its four-year term.

The Agriculture Ministry's free-on-board reference prices for wheat, used by exporters to pay farmers, are higher than those traders would settle at, according to Eugenio Irazuegui, head of research at local grain brokerage Enrique Zeni...

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