# Argentine soybeans facing tax increases | The Western Producer

> Argentina's new government raised export taxes on soybeans, soymeal and soyoil to 30%, and on other agricultural products to 9%, effective Dec. 14. A week later it gained emergency authority to add three more points on soy products and six on other goods. USDA's attaché in Buenos Aires said the aim is to raise revenue, and 2019-20 soybean output is still pegged at 53 million tonnes.

- Date: 2020-01-09 · published 2020-01-09T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/54929-argentine-soybeans-facing-tax-increases-the-western-producer
- 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

Higher export taxes cut Argentine farm-gate returns and can reduce export competitiveness of soymeal and soyoil, supporting world meal and oil prices. Uncertainty over whether earlier sales get the old rate adds to trade friction.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-06-15 | [Canola enjoys U.S. soybean oil's success \| The Western Producer](https://feedsoft.ai/events/7215-canola-enjoys-u-s-soybean-oil-s-success-the-western-producer.md) | -2.7% | -5.2% |
| SOY | 2025-07-09 | [Corn vs Soy: Argentina’s Farmers Weigh Taxes, Margins in Planting Plans](https://feedsoft.ai/events/13847-corn-vs-soy-argentina-s-farmers-weigh-taxes-margins-in-planting-plans.md) | -2.9% | -5.4% |
| SOY | 2025-06-13 | [U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal \| The Western Producer](https://feedsoft.ai/events/8580-u-s-grains-soybeans-climb-soyoil-soars-daily-limit-on-us-biofuel-proposal-the.md) | +2.5% | -4.3% |
| SOY | 2021-11-01 | [Argentina to Plant Lowest Soybean Acreage in 15 Years](https://feedsoft.ai/events/14071-argentina-to-plant-lowest-soybean-acreage-in-15-years.md) | -3.5% | +0.5% |
| SOY | 2024-01-11 | [Increasing biodiesel production impacting soybean markets – AgriNews](https://feedsoft.ai/events/15243-increasing-biodiesel-production-impacting-soybean-markets-agrinews.md) | -1.2% | -2.9% |
| SBM | 2023-02-25 | [Soybean crush margins plummet in wake of EPA ruling \| The Western Producer](https://feedsoft.ai/events/15330-soybean-crush-margins-plummet-in-wake-of-epa-ruling-the-western-producer.md) | -0.4% | -9.6% |
| SBM | 2021-11-01 | [Argentina to Plant Lowest Soybean Acreage in 15 Years](https://feedsoft.ai/events/14071-argentina-to-plant-lowest-soybean-acreage-in-15-years.md) | +0.2% | +2.8% |
| SBM | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | -0.5% | -0.8% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/argentine-soybeans-facing-tax-increases
- producer.com: https://www.producer.com/news/argentine-soybeans-facing-tax-increases/

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