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Argentina's "Clarion" reported on June 10 that according to the statistics of the Rosario Grain Exchange in Argentina , the prices of soybeans and corn in the international market have risen by 54% and 84% respectively since the beginning of this year .
Considering that the reserved soybean export tax rate (33%) set by the current government is much higher than that of corn (12%), and the high cost of soybean production, the profit margin of corn is obviously more attractive for growers .
It is estimated that the corn planting area in the core production areas of Algeria will increase by 137,000 hectares to 1.
6 million hectares in the 2021/22 year; the soybean planting area will decrease by 100,000 hectares to 4.
8 million hectares .
Considering that the reserved soybean export tax rate (33%) set by the current government is much higher than that of corn (12%), and the high cost of soybean production, the profit margin of corn is obviously more attractive for growers .
It is estimated that the corn planting area in the core production areas of Algeria will increase by 137,000 hectares to 1.
6 million hectares in the 2021/22 year; the soybean planting area will decrease by 100,000 hectares to 4.
8 million hectares .