# Argentina Slashes Export Taxes to Rescue Drought-Hit Farmers - Bloomberg

> Argentina cut export taxes on soymeal and soyoil to 24.5% from 31%, unprocessed soybeans to 26% from 33%, and corn and wheat to 9.5% from 12%. Reductions also apply to barley and sunflower. The government aims to help farmers hit by drought and low global prices.

- Date: 2025-01-23 · published 2025-01-23T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/13881-argentina-slashes-export-taxes-to-rescue-drought-hit-farmers-bloomberg
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower export taxes make Argentine product more competitive abroad and encourage farmers to sell stored stocks, adding export supply to world markets and pressuring soybean complex and corn prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-03-31 | [Argentina debuts ‘Dollar Malbec’ to aid exports amid drought \| Buenos Aires Times](https://feedsoft.ai/events/37159-argentina-debuts-dollar-malbec-to-aid-exports-amid-drought-buenos-aires-times.md) | -0.7% | -3.8% |
| SBM | 2026-06-02 | [Argentina to Gradually Reduce Export Taxes on Ag Products](https://feedsoft.ai/events/13794-argentina-to-gradually-reduce-export-taxes-on-ag-products.md) | -8.7% | -9.3% |
| SBM | 2020-10-02 | [Argentina lowers export taxes on soy for three months, hoping farmers will sell their crops — MercoPress](https://feedsoft.ai/events/50483-argentina-lowers-export-taxes-on-soy-for-three-months-hoping-farmers-will-sell.md) | +4.1% | +9.2% |
| SBM | 2025-10-03 | [Argentina Export Tax Shock Hits Grain Markets](https://feedsoft.ai/events/13828-argentina-export-tax-shock-hits-grain-markets.md) | -0.0% | +16.9% |
| SBM | 2018-01-22 | [Export Tax Relief Aids Argentina’s Soybean Trade](https://feedsoft.ai/events/66849-export-tax-relief-aids-argentina-s-soybean-trade.md) | +1.2% | +12.6% |
| SBO | 2021-07-21 | [Soy Oil Traders Jostle to Decipher Argentine Export Potential - Bloomberg](https://feedsoft.ai/events/46140-soy-oil-traders-jostle-to-decipher-argentine-export-potential-bloomberg.md) | -0.4% | -3.5% |
| SBO | 2023-03-31 | [Argentina debuts ‘Dollar Malbec’ to aid exports amid drought \| Buenos Aires Times](https://feedsoft.ai/events/37159-argentina-debuts-dollar-malbec-to-aid-exports-amid-drought-buenos-aires-times.md) | +2.1% | -3.4% |
| SBO | 2020-10-02 | [Argentina lowers export taxes on soy for three months, hoping farmers will sell their crops — MercoPress](https://feedsoft.ai/events/50483-argentina-lowers-export-taxes-on-soy-for-three-months-hoping-farmers-will-sell.md) | +1.8% | +1.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2025-01-23/argentina-cuts-export-taxes-to-salvage-harvest-struck-by-drought

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