# “Make no mistake”: Caputo promised to end export taxes if Milei wins a second term

> Economy Minister Luis Caputo promised that the government would eliminate all agricultural export taxes if Javier Milei wins a second term. He also said elevated country risk reflected investor concern about a possible change of government in 2027, and cited recent tax reductions and planned cuts for several crops.

- Date: 2026-11-06 · published 2026-11-06T19:36:44.043Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/84834-make-no-mistake-caputo-promised-to-end-export-taxes-if-milei-wins-a-second-term
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Removing export taxes could improve Argentine producer returns and boost export availability, potentially pressuring global prices. Because the pledge depends on a future election and is not an immediate policy change, the near-term impact is limited.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-12-09 | [Milei Is Cutting Export Taxes on Argentine Soy, Corn and Wheat - Bloomberg](https://feedsoft.ai/events/13819-milei-is-cutting-export-taxes-on-argentine-soy-corn-and-wheat-bloomberg.md) | -2.0% | -3.7% |
| SOY | 2026-06-02 | [Argentina to Gradually Reduce Export Taxes on Ag Products](https://feedsoft.ai/events/13794-argentina-to-gradually-reduce-export-taxes-on-ag-products.md) | -5.5% | -5.4% |
| 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% |
| SOY | 2023-04-10 | [China makes an effort to reduce soybean imports](https://feedsoft.ai/events/36361-china-makes-an-effort-to-reduce-soybean-imports.md) | +0.5% | -1.6% |
| SOY | 2025-08-01 | [Argentina Announced a Permanent Reduction in Export Taxes; and more news about Latin American agriculture](https://feedsoft.ai/events/13840-argentina-announced-a-permanent-reduction-in-export-taxes-and-more-news-about.md) | +1.0% | +6.9% |
| CORN | 2025-12-09 | [Milei Is Cutting Export Taxes on Argentine Soy, Corn and Wheat - Bloomberg](https://feedsoft.ai/events/13819-milei-is-cutting-export-taxes-on-argentine-soy-corn-and-wheat-bloomberg.md) | +0.1% | +0.5% |
| CORN | 2026-06-02 | [Argentina to Gradually Reduce Export Taxes on Ag Products](https://feedsoft.ai/events/13794-argentina-to-gradually-reduce-export-taxes-on-ag-products.md) | -4.9% | -8.5% |
| CORN | 2021-02-11 | [Argentina decides not to increase grain export taxes \| 2021-02-11  \| World Grain](https://feedsoft.ai/events/48460-argentina-decides-not-to-increase-grain-export-taxes-2021-02-11-world-grain.md) | -0.6% | +3.0% |

## Sources

- lanacion.com.ar: https://www.lanacion.com.ar/economia/campo/tienen-miedo-que-no-este-milei-caputo-vinculo-la-suba-del-riesgo-pais-al-temor-de-los-inversores-a-nid06112026/

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