# Government suspends soybean exports as prices rise | Buenos Aires Times

> Argentina's government suspended soybean meal and oil exports, citing rumors of a tax increase amid soaring raw material costs linked to Russia's invasion of Ukraine. The suspension is expected to prevent firms from registering future exports before the tax rise takes effect.

- Date: 2022-03-14 · published 2022-03-14T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/14047-government-suspends-soybean-exports-as-prices-rise-buenos-aires-times
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A sudden export freeze from the largest soymeal exporter removes significant supply from world markets, pushing up global soymeal and soyoil prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-10-02 | [Soybeans Bounce as Argentina Suspends Export Registrations \| Feed & Grain](https://feedsoft.ai/events/12139-soybeans-bounce-as-argentina-suspends-export-registrations-feed-and-grain.md) | +4.1% | +9.2% |
| SBM | 2020-02-26 | [Soybeans bounce as Argentina suspends export registrations \| Financial Post](https://feedsoft.ai/events/54444-soybeans-bounce-as-argentina-suspends-export-registrations-financial-post.md) | +6.0% | +15.9% |
| SBM | 2025-06-28 | [Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald](https://feedsoft.ai/events/13853-argentina-reinstates-higher-export-duties-for-soybeans-and-corn-buenos-aires.md) | -1.2% | -1.4% |
| SBM | 2025-05-21 | [Milei stumbles in bid to unchain farmers as soy tax break ends \| Buenos Aires Times](https://feedsoft.ai/events/13858-milei-stumbles-in-bid-to-unchain-farmers-as-soy-tax-break-ends-buenos-aires.md) | +1.2% | -2.6% |
| SBM | 2020-03-06 | [Farmers unions call four-day strike after rise in soy duties \| Buenos Aires Times](https://feedsoft.ai/events/53990-farmers-unions-call-four-day-strike-after-rise-in-soy-duties-buenos-aires-times.md) | -0.6% | +2.9% |
| SBO | 2025-06-28 | [Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald](https://feedsoft.ai/events/13853-argentina-reinstates-higher-export-duties-for-soybeans-and-corn-buenos-aires.md) | +3.2% | +4.5% |
| SBO | 2025-05-21 | [Milei stumbles in bid to unchain farmers as soy tax break ends \| Buenos Aires Times](https://feedsoft.ai/events/13858-milei-stumbles-in-bid-to-unchain-farmers-as-soy-tax-break-ends-buenos-aires.md) | -0.3% | +6.2% |
| SBO | 2022-03-14 | [Top Exporter of Soy Meal, Oil Halts Cargoes as Prices Surge - Bloomberg](https://feedsoft.ai/events/12629-top-exporter-of-soy-meal-oil-halts-cargoes-as-prices-surge-bloomberg.md) | -9.8% | +240.8% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentina-suspends-soyabean-exports-as-price-increases.phtml

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