# Key feed ingredient hits 7-year high on talk of Argentina tax hike | Irish Independent

> Global soybean meal prices climbed to their highest in more than seven years after Argentina suspended export registrations for meal and oil. The move was linked to talk of a pending increase in export taxes. Argentina is the largest shipper of soybean meal and oil.

- Date: 2022-03-14 · published 2022-03-14T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/42371-key-feed-ingredient-hits-7-year-high-on-talk-of-argentina-tax-hike-irish
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Argentina supplies a large share of world soymeal and soyoil exports, so halted registrations tighten global supply and push feed protein prices higher.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-12-01 | [Argentina to Tax Grain Exports \| Feed & Grain](https://feedsoft.ai/events/49492-argentina-to-tax-grain-exports-feed-and-grain.md) | -1.7% | +8.6% |
| SBM | 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) | +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 | 2025-06-26 | [Argentina soy sales spike ahead of tax deadline; could stall in July](https://feedsoft.ai/events/13851-argentina-soy-sales-spike-ahead-of-tax-deadline-could-stall-in-july.md) | -1.3% | -1.6% |
| 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% |
| SBO | 2020-12-01 | [Argentina to Tax Grain Exports \| Feed & Grain](https://feedsoft.ai/events/49492-argentina-to-tax-grain-exports-feed-and-grain.md) | +2.6% | +12.1% |
| 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 | 2022-05-20 | [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) | -0.4% | -7.6% |

## Sources

- independent.ie: https://www.independent.ie/farming/key-feed-ingredient-hits-7-year-high-on-talk-of-argentina-tax-hike/a/129554422.html

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