# Exclusive: Argentina farm minister says no plan to hike grains export taxes

> Argentina's Agriculture Minister Luis Basterra told Reuters the government does not plan to raise grains export taxes, despite fiscal pressure from a coronavirus-driven recession and a complex sovereign bond restructuring. Current export taxes are 12% on wheat and corn and 33% on soybeans and soymeal.

- Date: 2020-07-15 · published 2020-07-15T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/51947-exclusive-argentina-farm-minister-says-no-plan-to-hike-grains-export-taxes
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Avoiding an export tax hike keeps Argentine wheat, corn and soy exports competitive, limiting upward pressure on world prices from a supply-side policy shock. Farmer uncertainty could still slow planting and sales.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-10-03 | [Argentina Export Tax Shock Hits Grain Markets](https://feedsoft.ai/events/13828-argentina-export-tax-shock-hits-grain-markets.md) | +0.3% | +6.0% |
| WHEAT | 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) | +6.4% | +26.3% |
| WHEAT | 2022-06-03 | [India says no plans for now to curb food exports](https://feedsoft.ai/events/40901-india-says-no-plans-for-now-to-curb-food-exports.md) | -0.2% | -0.4% |
| WHEAT | 2023-08-22 | [Kyiv says EU transport subsidies to help Ukrainian grain export](https://feedsoft.ai/events/14372-kyiv-says-eu-transport-subsidies-to-help-ukrainian-grain-export.md) | -4.2% | -1.7% |
| WHEAT | 2021-12-02 | [Argentina readies 2022/23 farm plan to ease tensions with producers \| Financial Post](https://feedsoft.ai/events/14065-argentina-readies-2022-23-farm-plan-to-ease-tensions-with-producers-financial.md) | +0.3% | -2.1% |
| CORN | 2024-08-07 | [Argentina grain export taxes not going away any time soon](https://feedsoft.ai/events/13905-argentina-grain-export-taxes-not-going-away-any-time-soon.md) | -1.8% | +0.2% |
| CORN | 2025-09-25 | [U.S. grains: Soybean futures edge up as Argentina ends export tax waiver \| Farmtario](https://feedsoft.ai/events/13833-u-s-grains-soybean-futures-edge-up-as-argentina-ends-export-tax-waiver-farmtario.md) | -2.5% | -1.8% |
| CORN | 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) | +7.5% | +12.7% |

## Sources

- reuters.com: https://www.reuters.com/article/us-argentina-grains-taxes-exclusive/exclusive-argentina-farm-minister-says-no-plan-to-hike-grains-export-taxes-idUSKCN24G31L/

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