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2h ago

Argentina Enacts Decree 877/2025 Cutting Farm Export Duties

The government frames the change as a step toward phasing out retentions as fiscal space allows, with analysts projecting roughly a $500 million revenue hit in 2026.

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Oficializaron la baja de las retenciones para la soja, el maíz, el trigo, la cebada, el sorgo y el girasol (Imagen ilustrativa).
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Overview

  • Decree 877/2025 was published in the Boletín Oficial on December 12, putting the new export duty scheme into effect.
  • Rates now stand at 24% for soybeans, 22.5% for soy meal and oil, 7.5% for wheat and barley, 8.5% for corn and sorghum, and 4.5% for sunflower.
  • The soybean duty is at its lowest level in nearly 19 years, according to the Rosario Board of Trade.
  • The decree includes targeted 0% rates for specified products and presentations defined by Mercosur tariff classifications.
  • Agribusiness groups backed the reduction yet urged a multi‑year roadmap to full removal, while BCR pegs the 2026 fiscal cost near US$511 million.