# President Milei renews his vow to scrap export taxes as Argentina's powerful farmers get impatient | AP News

> President Milei renewed his pledge to eliminate export taxes on agricultural products, as farmers grow impatient with the policy. Argentine farmers say the government's currency measures have made exports less competitive, so they are holding dollar earnings.

- Date: 2024-07-28 · published 2024-07-28T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13911-president-milei-renews-his-vow-to-scrap-export-taxes-as-argentina-s-powerful
- 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

Export tax cuts would raise farm-gate incentives to sell soybeans and meal, increasing Argentine export supply and pressuring world soymeal prices if enacted. Until then, farmers' holding behavior keeps near-term supply constrained.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-01-09 | [Higher export taxes impacting Argentina farmers \| 2020-01-09  \| World Grain](https://feedsoft.ai/events/54928-higher-export-taxes-impacting-argentina-farmers-2020-01-09-world-grain.md) | -1.0% | -6.1% |
| SOY | 2020-07-15 | [Exclusive: Argentina farm minister says no plan to hike grains export taxes](https://feedsoft.ai/events/51947-exclusive-argentina-farm-minister-says-no-plan-to-hike-grains-export-taxes.md) | +1.6% | -0.5% |
| SOY | 2020-01-13 | [Argentine farmers increased forward selling of soybeans to avoid higher export taxes — MercoPress](https://feedsoft.ai/events/54931-argentine-farmers-increased-forward-selling-of-soybeans-to-avoid-higher-export.md) | -0.6% | -5.4% |
| SOY | 2025-08-07 | [For Argentine farmers, Milei's free-market reforms fall short](https://feedsoft.ai/events/13842-for-argentine-farmers-milei-s-free-market-reforms-fall-short.md) | +6.4% | +5.3% |
| SOY | 2026-01-13 | [To unlock growth, Argentina should reduce its export taxes - Atlantic Council](https://feedsoft.ai/events/13815-to-unlock-growth-argentina-should-reduce-its-export-taxes-atlantic-council.md) | +1.9% | +8.7% |
| SBM | 2020-01-09 | [Higher export taxes impacting Argentina farmers \| 2020-01-09  \| World Grain](https://feedsoft.ai/events/54928-higher-export-taxes-impacting-argentina-farmers-2020-01-09-world-grain.md) | +1.1% | -2.9% |
| SBM | 2020-07-15 | [Exclusive: Argentina farm minister says no plan to hike grains export taxes](https://feedsoft.ai/events/51947-exclusive-argentina-farm-minister-says-no-plan-to-hike-grains-export-taxes.md) | +0.7% | -0.6% |
| SBM | 2020-01-13 | [Argentine farmers increased forward selling of soybeans to avoid higher export taxes — MercoPress](https://feedsoft.ai/events/54931-argentine-farmers-increased-forward-selling-of-soybeans-to-avoid-higher-export.md) | +0.6% | -2.4% |

## Sources

- apnews.com: https://apnews.com/article/argentina-meat-milei-agriculture-libertarian-economy-inflation-af09fd6b0208d35a7637d759587e66a8

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