# Agriculture will face renewed challenges in Argentina

> Argentina's export tax cuts respond to lower commodity prices, real currency appreciation and another drought. The measure carries an estimated fiscal cost of USD800mn, about 0.13% of GDP. The government says it will not remove export taxes until tax revenues rise enough to offset the loss.

- Date: 2025-01-27 · published 2025-01-27T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13884-agriculture-will-face-renewed-challenges-in-argentina
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Lower export earnings could worsen exchange market pressure and affect Argentine export flows of soy products and grains, which matters for world meal and oil supply.

## Read by commodity

- SBM: neutral
- SOY: neutral
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-07-09 | [Corn vs Soy: Argentina’s Farmers Weigh Taxes, Margins in Planting Plans](https://feedsoft.ai/events/13847-corn-vs-soy-argentina-s-farmers-weigh-taxes-margins-in-planting-plans.md) | -0.7% | +2.8% |
| SBM | 2025-08-11 | [eFeedLink - Tax changes in Argentina could boost Brazilian soybean exports](https://feedsoft.ai/events/13841-efeedlink-tax-changes-in-argentina-could-boost-brazilian-soybean-exports.md) | +2.9% | +2.4% |
| SBM | 2022-10-19 | [In Argentina, controls spawn soybean and 'Netflix' currency rates \| Reuters](https://feedsoft.ai/events/14002-in-argentina-controls-spawn-soybean-and-netflix-currency-rates-reuters.md) | +3.0% | +1.2% |
| SBM | 2019-10-28 | [In Argentina grains belt, farmers ready to 'unsaddle' as Peronists return](https://feedsoft.ai/events/56409-in-argentina-grains-belt-farmers-ready-to-unsaddle-as-peronists-return.md) | +0.2% | -1.4% |
| SBM | 2019-09-09 | [Focus on Argentina \| 2019-09-09  \| World Grain](https://feedsoft.ai/events/56913-focus-on-argentina-2019-09-09-world-grain.md) | +3.8% | +4.0% |
| SOY | 2022-01-04 | [Challenges persist but it is not all bad news for Argentina’s soybean crushing industry](https://feedsoft.ai/events/14058-challenges-persist-but-it-is-not-all-bad-news-for-argentina-s-soybean-crushing.md) | +2.3% | +13.7% |
| SOY | 2018-01-31 | [Despite Continued Challenges, China Offers Huge Potential for U.S. Farm Exports \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/66858-despite-continued-challenges-china-offers-huge-potential-for-u-s-farm-exports.md) | -1.4% | +4.5% |
| SOY | 2025-01-09 | [Will $10B in economic payments offset farm income losses? \| Agriculture Dive](https://feedsoft.ai/events/26503-will-10b-in-economic-payments-offset-farm-income-losses-agriculture-dive.md) | +5.6% | +7.4% |

## Sources

- doi.org: https://doi.org/10.1108/oxan-db292471

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