# Agri-business boom lifts economy, amid tax ire | Buenos Aires Times

> Argentina's agribusiness sector is recovering from last year's drought, with analysts expecting a record 2018 grain yield. Exports of soybeans and grain are the main source of foreign currency and have helped offset recession pain. The government has also reintroduced a 10 percent tax on exporters' earnings, angering farmers.

- Date: 2018-11-03 · published 2018-11-03T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/61888-agri-business-boom-lifts-economy-amid-tax-ire-buenos-aires-times
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A record Argentine harvest adds supply to global soymeal and grain markets, which is bearish for prices, while export tax changes can shift farmer selling and export flows.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-10-31 | [Agri-business lifts Argentine economy, amid tax ire - Digital Journal](https://feedsoft.ai/events/62383-agri-business-lifts-argentine-economy-amid-tax-ire-digital-journal.md) | +2.1% | +0.9% |
| SBM | 2023-03-31 | [Argentina debuts ‘Dollar Malbec’ to aid exports amid drought \| Buenos Aires Times](https://feedsoft.ai/events/37159-argentina-debuts-dollar-malbec-to-aid-exports-amid-drought-buenos-aires-times.md) | -0.7% | -3.8% |
| SBM | 2019-03-13 | [Macri hails agricultural 'miracle' at Agroexpo as record harvest looms \| Buenos Aires Times](https://feedsoft.ai/events/59940-macri-hails-agricultural-miracle-at-agroexpo-as-record-harvest-looms-buenos.md) | +4.2% | +3.6% |
| SBM | 2025-10-03 | [Milei’s 48-hour tariff pause spurs record surge in crop exports \| Buenos Aires Times](https://feedsoft.ai/events/13829-milei-s-48-hour-tariff-pause-spurs-record-surge-in-crop-exports-buenos-aires.md) | -0.0% | +16.9% |
| SBM | 2020-09-29 | [Government mulls temporary cut on some crop export taxes \| Buenos Aires Times](https://feedsoft.ai/events/50971-government-mulls-temporary-cut-on-some-crop-export-taxes-buenos-aires-times.md) | +3.3% | +17.1% |
| SOY | 2018-10-31 | [Agri-business lifts Argentine economy, amid tax ire - Digital Journal](https://feedsoft.ai/events/62383-agri-business-lifts-argentine-economy-amid-tax-ire-digital-journal.md) | +4.6% | +6.8% |
| SOY | 2019-03-13 | [Macri hails agricultural 'miracle' at Agroexpo as record harvest looms \| Buenos Aires Times](https://feedsoft.ai/events/59940-macri-hails-agricultural-miracle-at-agroexpo-as-record-harvest-looms-buenos.md) | +2.2% | +1.6% |
| SOY | 2025-10-03 | [Milei’s 48-hour tariff pause spurs record surge in crop exports \| Buenos Aires Times](https://feedsoft.ai/events/13829-milei-s-48-hour-tariff-pause-spurs-record-surge-in-crop-exports-buenos-aires.md) | -0.1% | +6.6% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/agri-business-boom-lifts-economy-amid-tax-ire.phtml

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