# New Government and the Demands of the Soybean Sector in Argentina

> Rodolfo Rossi, president of the Argentine Soybean Chain Association (ACSOJA), outlined sector expectations for the new Argentine government. He called for reduced fiscal pressure, gradual elimination of export taxes (retenciones), and updates to the Seed Law.

- Date: 2024-02-06 · published 2024-02-06T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/13938-new-government-and-the-demands-of-the-soybean-sector-in-argentina
- 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

Removing export taxes could raise Argentine soybean and meal export competitiveness and planted area over time, a longer-term bearish factor for world soymeal and oil prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-09-09 | [With carrot and stick, Argentina government drives soy sale bonanza](https://feedsoft.ai/events/14007-with-carrot-and-stick-argentina-government-drives-soy-sale-bonanza.md) | -1.3% | -7.7% |
| 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 | 2017-11-28 | [Soybean meal: lower export duties in Argentina](https://feedsoft.ai/events/67812-soybean-meal-lower-export-duties-in-argentina.md) | +0.3% | -3.7% |
| SOY | 2023-09-20 | [Latest “Soybean Dollar” Program Accelerates Sales in Argentina](https://feedsoft.ai/events/13952-latest-soybean-dollar-program-accelerates-sales-in-argentina.md) | -1.0% | -1.4% |
| SOY | 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) | +0.8% | +4.5% |
| SBM | 2022-09-09 | [With carrot and stick, Argentina government drives soy sale bonanza](https://feedsoft.ai/events/14007-with-carrot-and-stick-argentina-government-drives-soy-sale-bonanza.md) | +1.8% | -5.3% |
| SBM | 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) | -2.3% | +6.2% |
| SBM | 2017-11-28 | [Soybean meal: lower export duties in Argentina](https://feedsoft.ai/events/67812-soybean-meal-lower-export-duties-in-argentina.md) | +2.5% | -3.6% |

## Sources

- global-agriculture.com: https://www.global-agriculture.com/latam-agriculture/new-government-and-the-demands-of-the-soybean-sector-in-argentina/

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