# Top Exporter of Soy Meal, Oil Halts Cargoes as Prices Surge - Bloomberg

> Argentina has blocked agriculture traders from registering soybean meal and oil cargoes for export, a step it typically takes before raising export taxes on shipments. The move comes as prices for the products surge.

- Date: 2022-03-14 · published 2022-03-14T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/12629-top-exporter-of-soy-meal-oil-halts-cargoes-as-prices-surge-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Halting export registrations tightens available supply from the top meal and oil exporter, pushing global soymeal and soyoil prices higher and raising feed costs for buyers.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-03-14 | [Argentina halts export registration for soy oil, meal \| Reuters](https://feedsoft.ai/events/5494-argentina-halts-export-registration-for-soy-oil-meal-reuters.md) | -1.3% | -0.1% |
| SOY | 2022-12-05 | [Lowered taxes to boost Argentine soyabean meal and oil exports](https://feedsoft.ai/events/13993-lowered-taxes-to-boost-argentine-soyabean-meal-and-oil-exports.md) | +3.1% | +3.4% |
| SOY | 2025-06-13 | [Soybean Oil Surges With Trump Plan to Boost US Biofuel Quotas - Bloomberg](https://feedsoft.ai/events/5338-soybean-oil-surges-with-trump-plan-to-boost-us-biofuel-quotas-bloomberg.md) | +2.5% | -4.3% |
| SOY | 2024-06-07 | [Brazil Soy Prices: Tax Change Seen Making US More Competitive - Bloomberg](https://feedsoft.ai/events/29784-brazil-soy-prices-tax-change-seen-making-us-more-competitive-bloomberg.md) | -0.9% | -2.1% |
| SOY | 2023-09-28 | [Crop Traders Urge Argentina to Liberalize Soy Production and Exports Ahead of Election](https://feedsoft.ai/events/13951-crop-traders-urge-argentina-to-liberalize-soy-production-and-exports-ahead-of.md) | -2.3% | -1.2% |
| SBM | 2022-03-14 | [Argentina halts export registration for soy oil, meal \| Reuters](https://feedsoft.ai/events/5494-argentina-halts-export-registration-for-soy-oil-meal-reuters.md) | -1.7% | -4.7% |
| SBM | 2022-03-19 | [Argentina hikes export tax on soy oil, meal to 33% to combat inflation](https://feedsoft.ai/events/14044-argentina-hikes-export-tax-on-soy-oil-meal-to-33-to-combat-inflation.md) | +1.4% | -3.3% |
| SBM | 2024-06-07 | [Brazil Soy Prices: Tax Change Seen Making US More Competitive - Bloomberg](https://feedsoft.ai/events/29784-brazil-soy-prices-tax-change-seen-making-us-more-competitive-bloomberg.md) | +1.1% | +2.0% |

## Sources

- news.bloomberglaw.com: https://news.bloomberglaw.com/international-trade/top-exporter-of-soy-meal-oil-halts-cargoes-as-prices-surge-1
- bloomberg.com: https://www.bloomberg.com/news/articles/2022-03-14/top-soy-shipper-argentina-halts-meal-oil-cargoes-as-prices-jump

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.