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Argentina has built up more than 500 export duties, and a recent increase raised soybean, soy oil and soymeal export taxes from 25% to 33%. Taxes on corn and wheat were lifted to 12%.
The article argues these measures are hurting farmers and weighing on the economy.
Higher export taxes reduce farmer selling and export flows, which can widen the gap between domestic and world prices and shift export trade toward other origins.
globaltrademag.comAgustin ForzaniMay 15, 2020After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
