Argentina soybean crushing workers in Santa Fe province reached an agreement with companies for a 20 percent pay rise and annual bonuses, said a union official who declined to be identified by name.

The workers in the San Lorenzo area ended a strike on Nov. 3 after the government ordered compulsory talks, the official said by telephone today. The pay accord affects about 4,000 workers.

About 70 percent of Argentine soybean crushing takes place in the San Lorenzo area.

From Bloomberg