# Argentine oilseed crushers ease export tax hike fears with deal

> Argentina's oilseed crushers struck a pricing deal with the government to hold down domestic sunflower oil and sunflower-soy oil prices. The agreement came after President Fernandez threatened higher food export taxes to contain inflation, which a central bank poll forecast near 50% this year.

- Date: 2021-02-09 · published 2021-02-09T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/48456-argentine-oilseed-crushers-ease-export-tax-hike-fears-with-deal
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

The deal may avert higher export taxes on soy products, reducing the risk of a sudden cut in Argentine soymeal and soyoil export availability. Tax uncertainty still weighs on other crops, so exporters may keep a risk premium.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SUNMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-02-23 | [Argentinean farm group wants grain export tax gone \| World Grain](https://feedsoft.ai/events/14051-argentinean-farm-group-wants-grain-export-tax-gone-world-grain.md) | +2.3% | +6.0% |
| SBM | 2020-01-13 | [Argentine farmers increased forward selling of soybeans to avoid higher export taxes — MercoPress](https://feedsoft.ai/events/54931-argentine-farmers-increased-forward-selling-of-soybeans-to-avoid-higher-export.md) | +0.6% | -2.4% |
| SBM | 2020-01-09 | [Higher export taxes impacting Argentina farmers \| 2020-01-09  \| World Grain](https://feedsoft.ai/events/54928-higher-export-taxes-impacting-argentina-farmers-2020-01-09-world-grain.md) | +1.1% | -2.9% |
| SBM | 2020-07-15 | [Exclusive: Argentina farm minister says no plan to hike grains export taxes](https://feedsoft.ai/events/51947-exclusive-argentina-farm-minister-says-no-plan-to-hike-grains-export-taxes.md) | +0.7% | -0.6% |
| SBM | 2018-05-28 | [Argentina to raise biodiesel export tax to 15% as of July 1  : The Daily Digest](https://feedsoft.ai/events/65105-argentina-to-raise-biodiesel-export-tax-to-15-as-of-july-1-the-daily-digest.md) | -3.0% | -12.5% |
| SBO | 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) | -0.9% | +0.0% |
| SBO | 2017-12-13 | [Argentina to levy 8% tax on biodiesel exports](https://feedsoft.ai/events/67560-argentina-to-levy-8-tax-on-biodiesel-exports.md) | -0.4% | -1.2% |
| SBO | 2018-05-28 | [Argentina to raise biodiesel export tax to 15% as of July 1  : The Daily Digest](https://feedsoft.ai/events/65105-argentina-to-raise-biodiesel-export-tax-to-15-as-of-july-1-the-daily-digest.md) | -1.3% | -7.7% |

## Sources

- reuters.com: https://www.reuters.com/article/argentina-oilseeds/update-2-argentine-oilseed-crushers-ease-tax-hike-fears-with-deal-farmers-still-dismayed-idUSL1N2KE1JU/

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