Overview
- Economy Minister Luis Caputo set new rates: soybeans 24%, soy meal and oil 22.5%, wheat and barley 7.5%, corn and sorghum 8.5%, and sunflower 4.5%.
- The government characterizes the reductions as permanent and reiterates the aim of eliminating export duties when macroeconomic conditions permit.
- Legal effect begins with publication in the Boletín Oficial in the coming days, as Chief of Cabinet Manuel Adorni underscores tax relief alongside fiscal balance.
- Agricultural groups including CRA, CIARA-CEC, CONINAGRO and the CAA welcomed the decision but pressed for deeper cuts and complementary measures.
- Officials cite a September zero-duty window that triggered exceptional grain liquidations, and market analysts note the soy complex rate is at its lowest in nearly 19 years.