# Argentina does not rule out an increase in grains export taxes - media

> Argentina's government has not ruled out raising taxes on food exports to control high inflation, according to Deputy Chief of Staff Cecilia Todesca in a radio interview. The comments kept the threat of higher export levies on grains alive.

- Date: 2021-02-04 · published 2021-02-04T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/48457-argentina-does-not-rule-out-an-increase-in-grains-export-taxes-media
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Possible export tax hikes on soy and corn could shift Argentine export flows and farmer selling, supporting world soymeal and corn prices if exports slow.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-02-29 | [Argentina's grain trade paralyzed by possible export tax increases - DatamarNews](https://feedsoft.ai/events/54443-argentina-s-grain-trade-paralyzed-by-possible-export-tax-increases-datamarnews.md) | +0.9% | +8.2% |
| 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 | 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 | 2020-04-24 | [Higher export taxes impact Argentina’s future soy acres \| 2020-04-24  \| World Grain](https://feedsoft.ai/events/53488-higher-export-taxes-impact-argentina-s-future-soy-acres-2020-04-24-world-grain.md) | +0.3% | -2.1% |
| SBM | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | -0.5% | -0.8% |
| CORN | 2020-02-29 | [Argentina's grain trade paralyzed by possible export tax increases - DatamarNews](https://feedsoft.ai/events/54443-argentina-s-grain-trade-paralyzed-by-possible-export-tax-increases-datamarnews.md) | +1.7% | -3.5% |
| CORN | 2020-12-01 | [Argentina to Tax Grain Exports \| Feed & Grain](https://feedsoft.ai/events/49492-argentina-to-tax-grain-exports-feed-and-grain.md) | -0.4% | +1.4% |
| CORN | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | -0.2% | +0.6% |

## Sources

- reuters.com: https://www.reuters.com/article/argentina-grains-taxes/argentina-does-not-rule-out-an-increase-in-grains-export-taxes-media-idUSL1N2KA2M3/

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