# Argentina: Changes to the export tax applicable to soy and its derivatives (October 2020) - Global Trade Alert

> On October 5, 2020 Argentina's executive issued Decree 790/2020 temporarily cutting the export tax on soybeans and derivatives, with staged increases scheduled to restore the original rates. The measures include a reduction in effect through October and a phased schedule running into 2021.

- Date: 2020-10-05 · published 2020-10-05T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/50482-argentina-changes-to-the-export-tax-applicable-to-soy-and-its-derivatives
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower export taxes encourage Argentine farmers to sell soybeans and meal, boosting export supply and pressuring world soymeal and soyoil prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 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) | -2.3% | +6.2% |
| SBM | 2023-12-21 | [Changes in Argentina should boost the country’s soymeal and soyoil exports](https://feedsoft.ai/events/32788-changes-in-argentina-should-boost-the-country-s-soymeal-and-soyoil-exports.md) | -1.4% | -7.3% |
| SBM | 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) | +1.2% | +12.6% |
| SBM | 2024-03-25 | [Argentina FX change, return of tax to spur exports \| Latest Market News](https://feedsoft.ai/events/13931-argentina-fx-change-return-of-tax-to-spur-exports-latest-market-news.md) | -2.4% | +1.0% |
| SBM | 2025-07-30 | [Argentina to resume soybean exports after official tax cut – CIARA-CEC](https://feedsoft.ai/events/13845-argentina-to-resume-soybean-exports-after-official-tax-cut-ciara-cec.md) | +3.6% | +11.9% |
| 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 | 2022-10-14 | [Indonesia: Temporary changes in export duty of crude palm oil (14 October 2022) - Global Trade Alert](https://feedsoft.ai/events/15785-indonesia-temporary-changes-in-export-duty-of-crude-palm-oil-14-october-2022.md) | +1.2% | +8.6% |
| SBO | 2023-12-21 | [Changes in Argentina should boost the country’s soymeal and soyoil exports](https://feedsoft.ai/events/32788-changes-in-argentina-should-boost-the-country-s-soymeal-and-soyoil-exports.md) | -2.6% | -3.6% |

## Sources

- globaltradealert.org: https://globaltradealert.org/state-act/45745-argentina-changes-to-the-export-tax-applicable-to-soy-and-its-derivatives-october-2020/

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