top of page

UA News and the Unconventional Ag event series are no longer being offered. You can continue to stay updated on the global ag, agtech, food, and food tech sectors through our other publications and events: Global AgInvesting conference series, AgInvesting Weekly, Agtech Intel NewsWomen in Agribusiness Summit, and Women in Agribusiness Today.  We are grateful for your past support, and look forward to staying connected with you through our range of media platforms.

  • By Lynda Kiernan-Stone, Global AgInvesting Media

Argentina’s President-Elect May Suspend Soybean Tax for 90 Days

Argentina’s president-elect, Mauricio Macri, is considering eliminating the country’s export tax on soybeans for a period of 90 days as a move to increase sales by farmers who have been stockpiling $8 billion worth of the oilseed, according to reports from Bloomberg.

Argentina’s export tax currently stands at 35%. The possible loss of revenue due to the suspension of the tax may be offset by an increase in dollars into the country’s Central Bank reserve, which currently is at its lowest since 2006 at $25.8 billion.

The plan to suspend the soybean export tax is only one of a number of proposals being taken into consideration, however the plan is not being supported by the country’s agriculture team, due to the fear that it may prove detrimental to the country’s oilseed crushers and exporters.

The final decision on the possible suspension will be made on December 10, the day the Central Bank will report exactly how much money it is holding. If the suspension is approved, it will be reinstated in March with the arrival of the new soybean crop. Exports of new soybeans would face a tax of 30%.

Macri has also announced plans to ease currency controls when he assumes office on December 10, and investors are foreseeing such a move causing a possible 35% devaluation of the peso, but which could further help the country’s farmers selling their crops on international markets.

NeverStop - 650x85.jpg
CPM Logo Image
LECO Ad Image
MOSOY-NovDecJan-1000 x825-02.png
UA News Subscribe Image


Contact Lynda Kiernan-Stone,

editor of Unconventional Ag News, to submit a story for consideration:

bottom of page