The Argentine government announced a reduction in export duties on major agricultural crops. This measure is expected to be published in the Official Bulletin and come into effect. The reduction will be between 1 and 2 percentage points for soybeans, corn, wheat, sunflower, and their derivatives. The new rates will be: soybeans — 24% (down from 26%), soybean by-products — 22.5% (down from 24.5%), wheat and barley — 7.5% (down from 9.5%), corn and sorghum — 8.5% (down from 9.5%), sunflower — 4.5% (down from 5.5%).
Economy Minister Luis Caputo highlighted that this is "a new step on the path of tax relief for the agribusiness sector, advancing in the permanent reduction of export duties for grain and by-product chains." Economists estimate that this measure will have a direct fiscal cost of over $500 million in 2026. According to the Argentine Institute of Fiscal Analysis (IARAF), the cost could be approximately $570 million. The Rosario Stock Exchange estimated the reduction at $511 million.
Experts note that while direct government revenue will decrease, there are potential indirect positive effects. Higher agricultural product prices and increased farmer income could lead to a larger taxable base for income tax. Economist Antonella Semadeni of FADA called the measure "positive" and "permanent," which reduces uncertainty for producers.
Meanwhile, Franco Artusso from Ieral/Fundación Mediterránea warned that despite the tax relief, the tax burden will remain very high in 2025/26, ranging from 53% to 123% depending on the region and type of land user.
