# ARGENTINA APPLIES OVER 500 EXPORT DUTIES – HOW’S THAT WORKING OUT? - Global Trade Magazine

> 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.

- Date: 2020-05-15 · published 2020-05-15T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/52972-argentina-applies-over-500-export-duties-how-s-that-working-out-global-trade
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-01-09 | [Higher export taxes impacting Argentina farmers \| 2020-01-09  \| World Grain](https://feedsoft.ai/events/54928-higher-export-taxes-impacting-argentina-farmers-2020-01-09-world-grain.md) | -1.0% | -6.1% |
| SOY | 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) | -3.8% | -2.2% |
| SOY | 2020-08-18 | [Argentina Mulls Cutting Export Tax for Soy Meal: Industry Group](https://feedsoft.ai/events/51434-argentina-mulls-cutting-export-tax-for-soy-meal-industry-group.md) | -1.4% | +8.7% |
| SOY | 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) | +4.3% | +3.8% |
| SOY | 2020-07-15 | [Exclusive: Argentina farm minister says no plan to hike grains export taxes](https://feedsoft.ai/events/51947-exclusive-argentina-farm-minister-says-no-plan-to-hike-grains-export-taxes.md) | +1.6% | -0.5% |
| SBM | 2020-01-09 | [Higher export taxes impacting Argentina farmers \| 2020-01-09  \| World Grain](https://feedsoft.ai/events/54928-higher-export-taxes-impacting-argentina-farmers-2020-01-09-world-grain.md) | +1.1% | -2.9% |
| SBM | 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) | +2.3% | +6.0% |
| SBM | 2021-02-09 | [Argentine oilseed crushers ease export tax hike fears with deal](https://feedsoft.ai/events/48456-argentine-oilseed-crushers-ease-export-tax-hike-fears-with-deal.md) | -2.0% | -5.1% |

## Sources

- globaltrademag.com: https://www.globaltrademag.com/argentina-applies-over-500-export-duties-hows-that-working-out/

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