Argentina, a top global supplier of grains, will steadily reduce its export taxes on its biggest agricultural exports throughout the next two years, Economy Minister Luis Caputo said.
Taxes on soybean exports, currently at 24 per cent, will be cut on a monthly basis throughout 2027, reaching 21pc at the end of next year and 15pc by the end of 2028, Caputo told a Press conference. Taxes on soybean oil and meal will be reduced “proportionally,” he added.
Each month of 2027 will see a 0.25 percentage point cut to the soybean export tax, speeding up to 0.5 percentage points in 2028, he added.
He did not give more information for the reductions regarding soy products. Argentina’s agriculture and economy ministries did not immediately respond to a request for details.
Export taxes on corn, now at 8.5pc, will meanwhile be reduced quarterly by 0.25 percentage points through 2027, and 0.5 percentage points every three months of 2028, Caputo said. They will reach 7.5pc at the end of next year and 5.5pc by the end of 2028.
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