# Argentina debuts ‘Dollar Malbec’ to aid exports amid drought | Buenos Aires Times

> Argentina's economy minister launched a temporary subsidised exchange rate for wine, rice, peanuts and other agricultural exports for 90 days, with a 30-day rate for soy exports starting in April. The measure aims to boost exports and reserves during the worst drought in a century.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/37159-argentina-debuts-dollar-malbec-to-aid-exports-amid-drought-buenos-aires-times
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Preferential FX for soy exports could accelerate Argentine soymeal and soyoil sales abroad, adding supply that pressures global meal and oil prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-08-12 | [Argentina asked crop exporters to bring US$1 billion next week \| Buenos Aires Times](https://feedsoft.ai/events/14015-argentina-asked-crop-exporters-to-bring-us-1-billion-next-week-buenos-aires.md) | -10.9% | -15.4% |
| SBM | 2023-07-25 | [Argentina announces measures to boost foreign reserves \| Buenos Aires Times](https://feedsoft.ai/events/35334-argentina-announces-measures-to-boost-foreign-reserves-buenos-aires-times.md) | +0.7% | -7.7% |
| SBM | 2022-11-26 | [Argentina to brings back exchange rate that led to IMF exception \| Buenos Aires Times](https://feedsoft.ai/events/38950-argentina-to-brings-back-exchange-rate-that-led-to-imf-exception-buenos-aires.md) | +3.4% | +11.2% |
| SBM | 2025-01-23 | [Argentina Slashes Export Taxes to Rescue Drought-Hit Farmers - Bloomberg](https://feedsoft.ai/events/13881-argentina-slashes-export-taxes-to-rescue-drought-hit-farmers-bloomberg.md) | -1.5% | -5.6% |
| SBM | 2022-11-28 | [Argentina restarts soy dollar program until year-end, China to buy 1 mil-1.5 mil mt](https://feedsoft.ai/events/38697-argentina-restarts-soy-dollar-program-until-year-end-china-to-buy-1-mil-1-5-mil.md) | +3.4% | +11.2% |
| SBO | 2025-01-23 | [Argentina Slashes Export Taxes to Rescue Drought-Hit Farmers - Bloomberg](https://feedsoft.ai/events/13881-argentina-slashes-export-taxes-to-rescue-drought-hit-farmers-bloomberg.md) | +1.7% | +4.4% |
| SBO | 2022-11-28 | [Argentina restarts soy dollar program until year-end, China to buy 1 mil-1.5 mil mt](https://feedsoft.ai/events/38697-argentina-restarts-soy-dollar-program-until-year-end-china-to-buy-1-mil-1-5-mil.md) | -3.6% | -10.0% |
| SBO | 2025-10-03 | [Milei’s 48-hour tariff pause spurs record surge in crop exports \| Buenos Aires Times](https://feedsoft.ai/events/13829-milei-s-48-hour-tariff-pause-spurs-record-surge-in-crop-exports-buenos-aires.md) | +2.1% | +1.4% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentina-debuts-dollar-malbec-to-aid-exports-amid-drought.phtml

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