Argentina: Oilseeds and Products Update

The government’s plan to gradually reduce soybean export taxes commenced with the publication of Decree 1343/17 on January 2, 2018. Previously, the export tax for soybeans was 30 percent while the tax for soybean oil and soybean meal was 27 percent. The government will lower these taxes by 0.5 percentage points every month beginning January 2018 until December 2019, lowering the tax by 12 percentage points in total. As such, the tax for soybean exports at the end of this period will be 18 percent for soybeans and 15 percent for soybean oil and meal. Overall, soybean, sunflower and peanut crops are in relatively good condition; however, there are parts of the country experiencing dry conditions that could negatively affect production if relief does not come. 

Argentina: Oilseeds and Products Update