date:Jun 30, 2014
ailing from 30 percent annual inflation and interventionist government trade policies that make doing business difficult.
The peso would likely weaken in a debt crisis so, rather than hold onto pesos, growers are opting to hold onto soybeans as a more stable unit of savings and a barter currency.
Ernesto Ambrosetti, an economist with the Argentine Rural Society which represents big farms, said hoarding will be driven by fears that the government would respond to a default by increasing import