# Agri-business lifts Argentine economy, amid tax ire - Digital Journal

> Argentina's agribusiness sector is cited as a key driver of economic recovery, with soybean and grain exports the main source of foreign currency. The article notes the sector has absorbed a drought that hit last year's harvest and is expected to post a record 2018 grain yield. It also describes the government's reversal on export taxes, including a 10% tax on exporters' earnings.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/62383-agri-business-lifts-argentine-economy-amid-tax-ire-digital-journal
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Export taxes reduce farm-gate returns and can shift planting and selling decisions, affecting Argentine meal and oil export flows. A record 2018 crop would add supply to world markets, a bearish factor for soy products.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-11-03 | [Agri-business boom lifts economy, amid tax ire \| Buenos Aires Times](https://feedsoft.ai/events/61888-agri-business-boom-lifts-economy-amid-tax-ire-buenos-aires-times.md) | -1.7% | +0.4% |
| SBM | 2022-12-05 | [Lowered taxes to boost Argentine soyabean meal and oil exports](https://feedsoft.ai/events/13993-lowered-taxes-to-boost-argentine-soyabean-meal-and-oil-exports.md) | +9.8% | +13.7% |
| 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 | 2023-12-14 | [Why Argentina's shock measures may be the best hope for its ailing economy \| AP News](https://feedsoft.ai/events/32999-why-argentina-s-shock-measures-may-be-the-best-hope-for-its-ailing-economy-ap.md) | -4.0% | -11.0% |
| SBM | 2017-01-03 | [Tax cut seen lifting soy planting in Argentina \| The Western Producer](https://feedsoft.ai/events/72842-tax-cut-seen-lifting-soy-planting-in-argentina-the-western-producer.md) | -1.0% | +6.9% |
| SBO | 2025-09-23 | [Palm oil drops 3% as Argentina lifts soyoil export tax - Markets - Business Recorder](https://feedsoft.ai/events/22951-palm-oil-drops-3-as-argentina-lifts-soyoil-export-tax-markets-business-recorder.md) | -0.0% | +4.0% |
| SBO | 2022-12-05 | [Lowered taxes to boost Argentine soyabean meal and oil exports](https://feedsoft.ai/events/13993-lowered-taxes-to-boost-argentine-soyabean-meal-and-oil-exports.md) | -6.1% | -9.6% |
| SBO | 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) | +2.1% | -3.4% |

## Sources

- digitaljournal.com: https://www.digitaljournal.com/article/agri-business-lifts-argentine-economy-amid-tax-ire/

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