# Argentina to Tax Grain Exports | Feed & Grain

> Argentine President Mauricio Macri announced new export taxes on grains and steep spending cuts in an emergency bid to balance the 2021 budget. The government aims to win faster IMF disbursement under a $50 billion loan program. The new levies could delay international grain shipments as exporters watch the exchange rate.

- Date: 2020-12-01 · published 2020-12-01T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/49492-argentina-to-tax-grain-exports-feed-and-grain
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Export taxes on the world's top soymeal and soyoil exporter can shift selling timing and reduce farmer selling, tightening export availability and supporting world meal and oil prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-01-03 | [Argentina farm exports halved in 2023](https://feedsoft.ai/events/13943-argentina-farm-exports-halved-in-2023.md) | -3.2% | -3.9% |
| SBM | 2020-10-02 | [Soybeans Bounce as Argentina Suspends Export Registrations \| Feed & Grain](https://feedsoft.ai/events/12139-soybeans-bounce-as-argentina-suspends-export-registrations-feed-and-grain.md) | +4.1% | +9.2% |
| SBM | 2021-02-04 | [Argentina does not rule out an increase in grains export taxes - media](https://feedsoft.ai/events/48457-argentina-does-not-rule-out-an-increase-in-grains-export-taxes-media.md) | -2.4% | -3.6% |
| 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 | 2020-04-24 | [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% |
| SBO | 2024-01-03 | [Argentina farm exports halved in 2023](https://feedsoft.ai/events/13943-argentina-farm-exports-halved-in-2023.md) | -0.8% | -6.4% |
| SBO | 2021-02-04 | [Argentina does not rule out an increase in grains export taxes - media](https://feedsoft.ai/events/48457-argentina-does-not-rule-out-an-increase-in-grains-export-taxes-media.md) | +1.9% | +10.1% |
| SBO | 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) | +0.6% | -5.2% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-supply-chain/news/15397145/argentina-to-tax-grain-exports

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