A quick follow up to Monday's blog post.
Paraguay's President Horacio Cartes Wednesday vetoed a planned 10% tax on soybean and other grain exports, labeling the measure regressive.
Last week, Congress approved the tax, which would raise badly-need government funds and promote in-country grain processing
But Cartes said in a statement that the measure may increase government revenues in the short term but in the medium to long term would "work against" economic growth.
Paraguay is expected to produce over 9 million metric tons of soybeans in the coming season and is the world's ...