Argentina: Argentina Permanently Lowers Ag Export Taxes

On July 27, the Argentine government implemented permanent reductions in export taxes for several major agricultural products. The soybean rate was lowered from 33% to 26%, corn and sorghum from 12% to 9.5%, and soybean by-products from 31% to 24.5%. Unlike previous temporary cuts, these changes take effect immediately upon publication in the Official Bulletin to remain in place for the duration of the current administration and represent a lasting policy shift. While the reductions were welcomed by the agricultural sector, industry groups continue to advocate for deeper or total elimination of export taxes. The impact on production and exports is expected to be limited in the short to medium term.