# Export taxes: Increase on soybean products would reduce foreign currency earnings by US$2.000 billion – Universidad Austral

> Universidad Austral researcher Dante Romano says global corn and soybean stocks are rising and local harvests are good, pushing local prices to levels where corn and soybean production is no longer profitable. He estimates that proposed soybean product export tax increases would cut foreign currency earnings by US$2 billion.

- Date: 2024-01-18 · published 2024-01-18T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13944-export-taxes-increase-on-soybean-products-would-reduce-foreign-currency
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [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

Rising global stocks are bearish for corn and soybean prices, while the proposed export tax increase on soy products would reduce Argentine export volumes and supply pressure on world soymeal and soyoil markets.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-12-15 | [The Government reduces export duties on some agro-industrial products to zero](https://feedsoft.ai/events/14068-the-government-reduces-export-duties-on-some-agro-industrial-products-to-zero.md) | -3.5% | +1.2% |
| CORN | 2021-02-11 | [Argentina decides not to increase grain export taxes \| 2021-02-11  \| World Grain](https://feedsoft.ai/events/48460-argentina-decides-not-to-increase-grain-export-taxes-2021-02-11-world-grain.md) | -0.6% | +3.0% |
| CORN | 2025-02-20 | [Corn Markets Under Pressure – Profit-Taking and Argentina’s Export Tax Cut Weigh on Prices - Commodity Board Europe is an independent commodity market intelligence platform providing global production data, price insights and market analysis for agricultural and food commodities.](https://feedsoft.ai/events/6195-corn-markets-under-pressure-profit-taking-and-argentina-s-export-tax-cut-weigh.md) | -5.1% | -2.4% |
| CORN | 2022-10-24 | [Calls Increase for U.S. Trade Representative to Act on Mexico’s Pending Decree on Corn Imports](https://feedsoft.ai/events/39108-calls-increase-for-u-s-trade-representative-to-act-on-mexico-s-pending-decree.md) | -1.1% | -1.4% |
| SOY | 2018-06-04 | [Argentina: Argentina’s Delay of Soybean Export Tax Reduction Unlikely \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/64370-argentina-argentina-s-delay-of-soybean-export-tax-reduction-unlikely-usda.md) | -5.1% | -15.9% |
| SOY | 2024-12-28 | [The financial problems of a major agricultural group bring to the forefront the demand for lower export taxes – Universidad Austral](https://feedsoft.ai/events/13890-the-financial-problems-of-a-major-agricultural-group-bring-to-the-forefront-the.md) | +1.3% | +6.6% |
| 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% |

## Sources

- austral.edu.ar: https://www.austral.edu.ar/en/Increased-export-taxes-on-the-soybean-complex-would-reduce-foreign-exchange-earnings-by-US%242-billion/

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