Commodity Online
BUENOS AIRES : Farmer’s strike in Argentina reached another stage Sunday as many farmers' organizations said they were beginning another phase of a strike that had already dealt a heavy blow to the country's economy.

The work stoppage that has already lasted for nearly 100 days and caused food shortages in various Argentine cities will now continue until Wednesday, farmers leaders said.

However, this time, strike leaders stopped shot of calling for restoring road blockades.

The strike over a tariff hike for soybean exports largely ended last week after strike leaders accepted a confidential deal with President Cristina Kirchner's government and promised to resume grain and livestock sales on Monday.

President Cristina Kirchner's government has pushed ahead with the tax despite protests by the farmers.

The tax is set at 44 percent currently, but could go as high as 52 percent if soya goes above 600 dollars a ton.

The government earlier this month offered to fix a cap of a little more than 52 percent on the sliding tax scale if the price of soya surpasses 600 dollars a ton. However, the measures failed to defuse the farmers' strike.

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