# Pres. Fernandez pledges support to Argentina meals, oils exports - Fastmarkets

> President Alberto Fernandez pledged in his inaugural congressional speech to promote value-added agricultural exports through tax incentives. He said export duties on processed products have been cut, with soymeal and soyoil duties at 31% against 33% for soybeans. The government is also trying to rebuild revenue hit by the pandemic and inflation.

- Date: 2021-03-02 · published 2021-03-02T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/47975-pres-fernandez-pledges-support-to-argentina-meals-oils-exports-fastmarkets
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower export duties on meal and oil relative to beans could encourage more crushing and processed exports, supporting meal and oil supply. The effect on prices is modest and depends on implementation.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2025-02-03 | [Argentina’s meal market remains slow despite export tax cut](https://feedsoft.ai/events/13880-argentina-s-meal-market-remains-slow-despite-export-tax-cut.md) | -0.1% | -3.1% |
| SBM | 2022-03-14 | [Argentina halts export registration for soy oil, meal \| Reuters](https://feedsoft.ai/events/5494-argentina-halts-export-registration-for-soy-oil-meal-reuters.md) | -1.7% | -4.7% |
| SBO | 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) | +1.8% | -1.6% |
| 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% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/pres-fernandez-pledges-support-to-argentina-meals-oils-exports/

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