# Food export bans, from India to Argentina, risk fueling inflation

> Argentina raised taxes on soybean oil and meal exports in March 2022 and imposed a lower cap than last year on new wheat exports. Following Russia's invasion of Ukraine, it also raised taxes on processed soy oil and meal shipments.

- Date: 2022-06-27 · published 2022-06-27T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/14025-food-export-bans-from-india-to-argentina-risk-fueling-inflation
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Export taxes and caps reduce Argentine export supply to world markets, which tends to lift global wheat, soyoil and soymeal prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-05-01 | [India unlikely to lift ban on export of food items \| India News](https://feedsoft.ai/events/30200-india-unlikely-to-lift-ban-on-export-of-food-items-india-news.md) | +2.2% | +15.0% |
| WHEAT | 2025-11-15 | [With inflation at record low of 0.3%, food ministry proposes lifting of export ban on wheat products \| India News - The Times of India](https://feedsoft.ai/events/21915-with-inflation-at-record-low-of-0-3-food-ministry-proposes-lifting-of-export.md) | +1.7% | +1.3% |
| WHEAT | 2025-05-21 | [Food inflation in mind, Centre holds off wheat export ban rollbac k ahead of polls, festivals \| Today News](https://feedsoft.ai/events/24618-food-inflation-in-mind-centre-holds-off-wheat-export-ban-rollbac-k-ahead-of.md) | -0.4% | +1.4% |
| WHEAT | 2024-04-12 | [Export bans, restrictions: How government is trying to keep food prices in check ahead of elections](https://feedsoft.ai/events/30688-export-bans-restrictions-how-government-is-trying-to-keep-food-prices-in-check.md) | -0.7% | -0.2% |
| WHEAT | 2024-01-03 | [Argentina farm exports halved in 2023](https://feedsoft.ai/events/13943-argentina-farm-exports-halved-in-2023.md) | -1.9% | -1.8% |
| SBO | 2022-03-19 | [Argentina hikes export tax on soy oil, meal to 33% to combat inflation](https://feedsoft.ai/events/14044-argentina-hikes-export-tax-on-soy-oil-meal-to-33-to-combat-inflation.md) | +3.4% | +278.5% |
| SBO | 2022-04-22 | [Indonesia bans palm oil exports as global food inflation spikes](https://feedsoft.ai/events/41928-indonesia-bans-palm-oil-exports-as-global-food-inflation-spikes.md) | +3.2% | -4.4% |
| SBO | 2022-03-20 | [Argentina raises export duties on soybean oil and flour from 31 to 33% - Infobae](https://feedsoft.ai/events/14049-argentina-raises-export-duties-on-soybean-oil-and-flour-from-31-to-33-infobae.md) | +3.4% | +278.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/food-export-bans-india-argentina-risk-fueling-inflation-2022-06-27/

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