# Supply concerns send Argentina soy oil premiums above Brazil 06.09.2022 - UkrAgroConsult

> Argentine FOB Up River soybean oil cash premiums ended August at unusually high levels, above Brazilian FOB Paranaguá, which normally trades at a premium to Argentina. Slow soybean sales by Argentine farmers, with high export taxes of 33% on soybeans and products, have squeezed local supplies and crushing operations.

- Date: 2022-09-06 · published 2022-09-06T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14006-supply-concerns-send-argentina-soy-oil-premiums-above-brazil-06-09-2022
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tight Argentine soy oil availability lifts export premiums and supports global soybean oil prices, while farmers' preference for corn exports, which carry a 12% tax, shifts flows.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-01-20 | [Argentinian soybean and corn farmers could get full relief from export taxes until Dec. 31, 2022 20.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/14061-argentinian-soybean-and-corn-farmers-could-get-full-relief-from-export-taxes.md) | +1.6% | +5.0% |
| SBO | 2022-07-12 | [Canola and rapeseed prices continue to recover after falling 12.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/12501-canola-and-rapeseed-prices-continue-to-recover-after-falling-12-07-2022.md) | -1.6% | +1.3% |
| SBO | 2022-02-10 | [Indonesia expands domestic market obligations to cover all palm oil exports 10.02.2022 - UkrAgroConsult](https://feedsoft.ai/events/42801-indonesia-expands-domestic-market-obligations-to-cover-all-palm-oil-exports-10.md) | +0.3% | +12.8% |
| SBO | 2021-09-02 | [Kazakhstan to introduce restrictions on the export of sunflower seed and its products 02.09.2021 - UkrAgroConsult](https://feedsoft.ai/events/45178-kazakhstan-to-introduce-restrictions-on-the-export-of-sunflower-seed-and-its.md) | -0.9% | +1.0% |
| SBO | 2018-08-15 | [Argentina: tax cuts on soy meal and soy oil exports suspended six months — MercoPress](https://feedsoft.ai/events/63376-argentina-tax-cuts-on-soy-meal-and-soy-oil-exports-suspended-six-months.md) | +1.8% | -1.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/supply-concerns-send-argentina-soy-oil-premiums-above-brazil/

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