The National Government decided to temporarily reduce export duties on agricultural products and eliminated duties for regional economies in order to support the sector amid a drought. The officially announced measure involves a 20% reduction in duties until June, as part of the fiscal surplus policy.
In detail, soybean export duties will be reduced from 33% to 26%, while soybean in the form of oil and meal will go from 31% to 24.5%. Wheat, barley, sorghum, and corn will have a reduction from 12% to 9.5%, and sunflower from 7% to 5.5%.
The measure also affects regional economies and other products such as sugar, cotton, bovine leather, beverages, sheep, tobacco, rice, peanuts, and sweets, among others, which represented more than 1.1 billion dollars in exports in 2024.
The decree, signed by President Javier Milei, Economy Minister Luis Caputo, and Chief of Staff Guillermo Francos, is already in effect and will last until the end of June, as published in the Official Bulletin. To access this reduction in duties, 95% of what was declared in the last 15 business days must be settled in the Foreign Sale Affidavit (DJVE). In case of non-compliance, the previous rate will remain in force, under the supervision of the Revenue Collection and Customs Control Agency (ARCA) and the Central Bank.
