# Argentine farmers begin four day sales strike to protest higher export taxes — MercoPress

> Argentina's main farm groups will hold a four-day sales strike to protest a tax hike on soybeans, soymeal and soyoil, raised to 33% from 30%. Analysts report dryness beginning to hurt soybean yields as harvest starts. The government's tax move is part of its plan to restructure about US$100 billion of debt.

- Date: 2020-03-09 · published 2020-03-09T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/53992-argentine-farmers-begin-four-day-sales-strike-to-protest-higher-export-taxes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Suspended sales reduce near-term export availability of soy products, supporting prices. Dryness-related yield concerns could add further upward pressure if harvest results disappoint.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-01 | [Argentine farmers consider grains strike over beef export cap
						 \| The Cattle Site](https://feedsoft.ai/events/44931-argentine-farmers-consider-grains-strike-over-beef-export-cap-the-cattle-site.md) | -2.2% | -1.2% |
| SOY | 2020-03-06 | [Argentine farmers plan strike against tax hike as tensions bubble](https://feedsoft.ai/events/53983-argentine-farmers-plan-strike-against-tax-hike-as-tensions-bubble.md) | -3.8% | -3.4% |
| SOY | 2020-03-09 | [Farmers begin four-day strike, the first under Alberto Fernández \| Buenos Aires Times](https://feedsoft.ai/events/53988-farmers-begin-four-day-strike-the-first-under-alberto-fernandez-buenos-aires.md) | -4.1% | -3.3% |
| SOY | 2023-02-28 | [Argentine farmers protest tax, currency policies as drought weighs \| Reuters](https://feedsoft.ai/events/13980-argentine-farmers-protest-tax-currency-policies-as-drought-weighs-reuters.md) | +1.5% | -5.0% |
| SOY | 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) | +1.3% | -0.5% |
| SBM | 2021-09-01 | [Argentine farmers consider grains strike over beef export cap
						 \| The Cattle Site](https://feedsoft.ai/events/44931-argentine-farmers-consider-grains-strike-over-beef-export-cap-the-cattle-site.md) | -1.9% | -0.9% |
| SBM | 2020-03-06 | [Argentine farmers plan strike against tax hike as tensions bubble](https://feedsoft.ai/events/53983-argentine-farmers-plan-strike-against-tax-hike-as-tensions-bubble.md) | -0.6% | +2.9% |
| SBM | 2020-03-09 | [Farmers begin four-day strike, the first under Alberto Fernández \| Buenos Aires Times](https://feedsoft.ai/events/53988-farmers-begin-four-day-strike-the-first-under-alberto-fernandez-buenos-aires.md) | -1.8% | +0.6% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2020/03/09/argentine-farmers-begin-four-day-sales-strike-to-protest-higher-export-taxes

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