# Argentine farmers protest tax, currency policies as drought weighs | Reuters

> Argentine rural workers and farmers protested in Rosario, Santa Fe province, on February 28, 2023, demanding lower export taxes and a better exchange rate. The protest comes as a prolonged drought is hitting their fields.

- Date: 2023-02-28 · published 2023-02-28T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/13980-argentine-farmers-protest-tax-currency-policies-as-drought-weighs-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Export duties and a weak official exchange rate reduce farmer selling incentives, which can tighten Argentine export availability. The drought is the larger supply factor, so the price effect of the protest itself is modest.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-03-09 | [Argentine farmers begin four day sales strike to protest higher export taxes — MercoPress](https://feedsoft.ai/events/53992-argentine-farmers-begin-four-day-sales-strike-to-protest-higher-export-taxes.md) | -4.1% | -3.3% |
| SOY | 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) | -2.9% | -5.4% |
| SOY | 2020-03-06 | [Argentine farmers plan strike against tax hike as tensions bubble](https://feedsoft.ai/events/53983-argentine-farmers-plan-strike-against-tax-hike-as-tensions-bubble.md) | -3.8% | -3.4% |
| SOY | 2021-01-07 | [Return to food protectionism is riling farmers in Argentina \| Air Freight News](https://feedsoft.ai/events/49005-return-to-food-protectionism-is-riling-farmers-in-argentina-air-freight-news.md) | +3.4% | +0.5% |
| SOY | 2025-03-28 | [Argentine farmers stall soy sales over murky FX outlook \| Reuters](https://feedsoft.ai/events/13869-argentine-farmers-stall-soy-sales-over-murky-fx-outlook-reuters.md) | -0.5% | +3.2% |
| CORN | 2021-01-07 | [Return to food protectionism is riling farmers in Argentina \| Air Freight News](https://feedsoft.ai/events/49005-return-to-food-protectionism-is-riling-farmers-in-argentina-air-freight-news.md) | +5.6% | +13.4% |
| CORN | 2023-11-21 | [Argentine election may boost farmer spending, grain prices -biotech firm Bioceres \| Reuters](https://feedsoft.ai/events/13949-argentine-election-may-boost-farmer-spending-grain-prices-biotech-firm-bioceres.md) | -3.2% | -0.5% |
| CORN | 2019-12-24 | [Argentine government taxes farmers to fund spending - Grain Central](https://feedsoft.ai/events/55423-argentine-government-taxes-farmers-to-fund-spending-grain-central.md) | -0.2% | +0.6% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/argentine-farmers-protest-tax-currency-policies-drought-weighs-2023-02-28/

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