# Argentina FX change, return of tax to spur exports | Latest Market News

> Argentina loosened foreign exchange controls and the peso fell 11% against the dollar on the first day of the new rules. President Milei also said temporary export tax reductions would end in June.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13931-argentina-fx-change-return-of-tax-to-spur-exports-latest-market-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A weaker peso and the expected return of export taxes should encourage Argentine farmers to sell soybeans, corn and products like meal and oil, adding export supply and pressuring world prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-29 | [Argentina may change tax structure on grain exports - DatamarNews](https://feedsoft.ai/events/44930-argentina-may-change-tax-structure-on-grain-exports-datamarnews.md) | -2.1% | -3.1% |
| SOY | 2025-10-03 | [Argentina Export Tax Shock Hits Grain Markets](https://feedsoft.ai/events/13828-argentina-export-tax-shock-hits-grain-markets.md) | -0.1% | +6.6% |
| SOY | 2025-07-30 | [Argentina to resume soybean exports after official tax cut – CIARA-CEC](https://feedsoft.ai/events/13845-argentina-to-resume-soybean-exports-after-official-tax-cut-ciara-cec.md) | -1.3% | +4.8% |
| SOY | 2016-12-30 | [Argentina: New plan to reduce the export tax on soybean - Global Trade Alert](https://feedsoft.ai/events/73319-argentina-new-plan-to-reduce-the-export-tax-on-soybean-global-trade-alert.md) | -1.7% | +1.9% |
| SOY | 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) | -5.5% | -5.4% |
| CORN | 2025-10-03 | [Argentina Export Tax Shock Hits Grain Markets](https://feedsoft.ai/events/13828-argentina-export-tax-shock-hits-grain-markets.md) | +0.3% | +1.2% |
| CORN | 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) | -4.9% | -8.5% |
| CORN | 2025-01-23 | [Argentina Slashes Export Taxes to Rescue Drought-Hit Farmers - Bloomberg](https://feedsoft.ai/events/13881-argentina-slashes-export-taxes-to-rescue-drought-hit-farmers-bloomberg.md) | +1.4% | +4.0% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2678490-argentina-fx-change-return-of-tax-to-spur-exports

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