# Soy Oil Traders Jostle to Decipher Argentine Export Potential - Bloomberg

> Argentina approved a new law cutting the biodiesel blend mandate in domestic diesel in half, freeing up tens of thousands of tons of soy oil for export. Traders are assessing how much additional Argentine soyoil could reach global markets.

- Date: 2021-07-21 · published 2021-07-21T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/46140-soy-oil-traders-jostle-to-decipher-argentine-export-potential-bloomberg
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Argentina is the world's largest soyoil exporter, so more export availability would add supply to international markets and weigh on soyoil prices.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-12-05 | [Lowered taxes to boost Argentine soyabean meal and oil exports](https://feedsoft.ai/events/13993-lowered-taxes-to-boost-argentine-soyabean-meal-and-oil-exports.md) | -6.1% | -9.6% |
| SBO | 2020-10-05 | [Argentina: Changes to the export tax applicable to soy and its derivatives (October 2020) - Global Trade Alert](https://feedsoft.ai/events/50482-argentina-changes-to-the-export-tax-applicable-to-soy-and-its-derivatives.md) | +6.9% | +5.2% |
| SBO | 2016-12-30 | [Argentina: New plan to reduce the export tax on soybean - Global Trade Alert](https://feedsoft.ai/events/73319-argentina-new-plan-to-reduce-the-export-tax-on-soybean-global-trade-alert.md) | +0.7% | -2.6% |
| SBO | 2018-01-22 | [Export Tax Relief Aids Argentina’s Soybean Trade](https://feedsoft.ai/events/66849-export-tax-relief-aids-argentina-s-soybean-trade.md) | +1.6% | -2.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-07-21/soy-oil-traders-jostle-to-decipher-argentine-export-potential

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