# Palm oil drops 3% as Argentina lifts soyoil export tax - Markets - Business Recorder

> Malaysian palm oil futures fell more than 3% after Argentina temporarily suspended export taxes on grains and by-products through October. The duty-free soyoil made Argentine shipments cheaper than palm oil for African and Indian buyers.

- Date: 2025-09-23 · published 2025-09-23T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/22951-palm-oil-drops-3-as-argentina-lifts-soyoil-export-tax-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Cheaper Argentine soyoil erodes palm oil's price competitiveness in import markets, pressuring palm oil and related edible oil prices.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-09-15 | [Palm dips as stocks rise, Malaysia raises effective export tax - Markets - Business Recorder](https://feedsoft.ai/events/15789-palm-dips-as-stocks-rise-malaysia-raises-effective-export-tax-markets-business.md) | -1.4% | -6.5% |
| PALMOIL | 2024-06-12 | [Malaysia keeps July crude palm oil export duty at 8% - Markets - Business Recorder](https://feedsoft.ai/events/15637-malaysia-keeps-july-crude-palm-oil-export-duty-at-8-markets-business-recorder.md) | -0.3% | +0.8% |
| PALMOIL | 2023-01-31 | [Palm drops 3% as Indonesia keeps domestic sale rule - Markets - Business Recorder](https://feedsoft.ai/events/37901-palm-drops-3-as-indonesia-keeps-domestic-sale-rule-markets-business-recorder.md) | -1.0% | +1.3% |
| PALMOIL | 2023-04-28 | [Palm oil slumps to over 6-month low - Markets - Business Recorder](https://feedsoft.ai/events/4387-palm-oil-slumps-to-over-6-month-low-markets-business-recorder.md) | -9.7% | -7.7% |
| PALMOIL | 2021-05-19 | [Palm slips 3.5pc on higher export tax reference price, weaker rivals - Markets - Business Recorder](https://feedsoft.ai/events/46979-palm-slips-3-5pc-on-higher-export-tax-reference-price-weaker-rivals-markets.md) | -4.3% | -16.7% |
| SBO | 2021-08-25 | [Palm oil falls - Markets - Business Recorder](https://feedsoft.ai/events/45655-palm-oil-falls-markets-business-recorder.md) | -1.4% | -5.7% |
| SBO | 2023-01-31 | [Palm drops 3% as Indonesia keeps domestic sale rule - Markets - Business Recorder](https://feedsoft.ai/events/37901-palm-drops-3-as-indonesia-keeps-domestic-sale-rule-markets-business-recorder.md) | -3.9% | -2.6% |
| SBO | 2023-04-28 | [Palm oil slumps to over 6-month low - Markets - Business Recorder](https://feedsoft.ai/events/4387-palm-oil-slumps-to-over-6-month-low-markets-business-recorder.md) | -1.7% | -8.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40384106

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