# Argentina hikes export tax on soy oil, meal to 33% to combat inflation

> Argentina raised its export tax on soybean oil and meal by two percentage points to 33% through the end of the year, according to the official gazette. The government said the aim is to combat domestic inflation.

- Date: 2022-03-19 · published 2022-03-19T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/14044-argentina-hikes-export-tax-on-soy-oil-meal-to-33-to-combat-inflation
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A higher export tax reduces Argentine export supply of soymeal and soyoil, which are the world's leading supplies, tending to lift international meal and oil prices while weighing on domestic Argentine prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-03-14 | [Argentina halts export registration for soy oil, meal \| Reuters](https://feedsoft.ai/events/5494-argentina-halts-export-registration-for-soy-oil-meal-reuters.md) | -1.7% | -4.7% |
| SBM | 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) | -3.0% | -5.8% |
| SBM | 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) | +1.4% | -3.3% |
| SBM | 2022-05-20 | [Argentine President touts tax hikes to curb food inflation, lacks Congress support](https://feedsoft.ai/events/14032-argentine-president-touts-tax-hikes-to-curb-food-inflation-lacks-congress.md) | +1.1% | +0.9% |
| SBM | 2022-06-27 | [Food export bans, from India to Argentina, risk fueling inflation](https://feedsoft.ai/events/14025-food-export-bans-from-india-to-argentina-risk-fueling-inflation.md) | +5.4% | -0.6% |
| SBO | 2022-03-14 | [Argentina halts export registration for soy oil, meal \| Reuters](https://feedsoft.ai/events/5494-argentina-halts-export-registration-for-soy-oil-meal-reuters.md) | -9.8% | +240.8% |
| 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% |
| 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/article/business/energy/argentina-hikes-export-tax-on-soy-oil-meal-to-33-to-combat-inflation-idUSL2N2VM096/

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