# Tax cut seen lifting soy planting in Argentina | The Western Producer

> Argentina will cut its soybean export tax by 12 percentage points to 18 percent by 2020, with the levy held at 30 percent through 2017. A 0.5-point monthly reduction is scheduled for 2018 and 2019, and the same schedule applies to the 27 percent levy on soyoil and soymeal exports.

- Date: 2017-01-03 · published 2017-01-03T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/72842-tax-cut-seen-lifting-soy-planting-in-argentina-the-western-producer
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower export taxes should encourage more Argentine soy planting and increase exportable surplus of soybeans, soymeal and soyoil, which is bearish for world soy product prices over time.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-05-26 | [Argentina to Gradually Reduce Soy, Corn Taxes in Coming Years](https://feedsoft.ai/events/13795-argentina-to-gradually-reduce-soy-corn-taxes-in-coming-years.md) | -1.3% | -10.7% |
| SBM | 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) | -3.1% | +5.4% |
| SBM | 2016-12-30 | [Argentina: New plan to reduce the export tax on soybean - Global Trade Alert](https://feedsoft.ai/events/73319-argentina-new-plan-to-reduce-the-export-tax-on-soybean-global-trade-alert.md) | -2.3% | +6.2% |
| SBM | 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) | -3.4% | -9.4% |
| SBM | 2024-02-06 | [New Government and the Demands of the Soybean Sector in Argentina](https://feedsoft.ai/events/13938-new-government-and-the-demands-of-the-soybean-sector-in-argentina.md) | -2.8% | -8.4% |
| SBO | 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) | -1.3% | -8.2% |
| SBO | 2026-05-26 | [Argentina to Gradually Reduce Soy, Corn Taxes in Coming Years](https://feedsoft.ai/events/13795-argentina-to-gradually-reduce-soy-corn-taxes-in-coming-years.md) | +2.8% | -2.8% |
| SBO | 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) | +1.2% | +8.9% |

## Sources

- producer.com: https://www.producer.com/daily/tax-cut-seen-lifting-soy-planting-in-argentina/

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