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. Previously, the export tax for soybeans stood at 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. Despite the erratic weather patterns around the country, the soybean, sunflower and peanut crops are presently in good condition. However, there are parts of the country experiencing elevated temperatures that could negatively affect the crop if relief does not come soon.

Argentina: Oilseeds and Products Update