# Milei stumbles in bid to unchain farmers as soy tax break ends | Buenos Aires Times

> Argentina's Economy Minister Luis Caputo confirmed that the temporary export tax cut on soy and corn will end as planned. Duties on soymeal and soyoil return to 31% from 24.5%, and on soybeans to 33% from 26%.

- Date: 2025-05-21 · published 2025-05-21T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13858-milei-stumbles-in-bid-to-unchain-farmers-as-soy-tax-break-ends-buenos-aires
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher export taxes reduce Argentine farmers' incentive to sell, tightening world meal and oil supply and supporting soymeal and soyoil prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-03-06 | [Farmers unions call four-day strike after rise in soy duties \| Buenos Aires Times](https://feedsoft.ai/events/53990-farmers-unions-call-four-day-strike-after-rise-in-soy-duties-buenos-aires-times.md) | -0.6% | +2.9% |
| SBM | 2020-03-09 | [Farmers begin four-day strike, the first under Alberto Fernández \| Buenos Aires Times](https://feedsoft.ai/events/53988-farmers-begin-four-day-strike-the-first-under-alberto-fernandez-buenos-aires.md) | -1.8% | +0.6% |
| SBM | 2022-03-14 | [Government suspends soybean exports as prices rise \| Buenos Aires Times](https://feedsoft.ai/events/14047-government-suspends-soybean-exports-as-prices-rise-buenos-aires-times.md) | -1.7% | -4.7% |
| SBM | 2025-04-15 | [Milei shocks agro sector with increase of export duties - Buenos Aires Herald](https://feedsoft.ai/events/13866-milei-shocks-agro-sector-with-increase-of-export-duties-buenos-aires-herald.md) | -1.4% | -3.9% |
| SBM | 2020-03-06 | [Argentine farmers plan strike against tax hike as tensions bubble](https://feedsoft.ai/events/53983-argentine-farmers-plan-strike-against-tax-hike-as-tensions-bubble.md) | -0.6% | +2.9% |
| SBO | 2022-03-14 | [Government suspends soybean exports as prices rise \| Buenos Aires Times](https://feedsoft.ai/events/14047-government-suspends-soybean-exports-as-prices-rise-buenos-aires-times.md) | -9.8% | +240.8% |
| SBO | 2025-04-15 | [Milei shocks agro sector with increase of export duties - Buenos Aires Herald](https://feedsoft.ai/events/13866-milei-shocks-agro-sector-with-increase-of-export-duties-buenos-aires-herald.md) | +2.9% | +4.7% |
| SBO | 2025-12-10 | [Study: EPA biofuels proposal aids US soybean farmers \| World Grain](https://feedsoft.ai/events/15064-study-epa-biofuels-proposal-aids-us-soybean-farmers-world-grain.md) | -3.8% | -3.7% |

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/milei-stumbles-in-bid-to-unchain-farmers-as-soy-tax-break-ends.phtml

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