Argentina to withhold corn exports until the end of February

Argentina has suspended its corn exports until the end of February to make sure the country has enough for its own livestock.

The country's agriculture ministry said the grain is needed as a raw material for producing pork, chicken, eggs, milk and beef, according to Argentine shipbroker NABSA.

"Argentina's government is struggling to control food price inflation and help low-income families contending with an economy shrinking during the pandemic," NABSA said.