Overview
- Luis Caputo set new permanent rates for key exports: soy to 24%, soy byproducts to 22.5%, wheat and barley to 7.5%, corn and sorghum to 8.5%, and sunflower to 4.5%.
- Analysts at IARAF, LCG, and CEPA estimate an annual cost of about USD 520–570 million, with IARAF noting possible offsets from higher taxable income and consumption and about USD 66 million flowing to provinces via profit‑tax sharing.
- Grain exchanges across major provinces and farm groups such as Coninagro praised the step as improving competitiveness, and the Rosario exchange said the soy rate is at a near 19‑year low.
- Export‑duty revenue has fallen sharply in recent months, with RIA Consultores reporting month‑on‑month declines of 35% in August, 28% in September, 69% in October, and 71% in November, reducing the levy’s share of fiscal revenue to around 1.5%.
- Ieral of Fundación Mediterránea calculates that successive cuts over two years returned about USD 1.95 billion to the farm sector and cautions that gains in production may be limited without coordination on provincial and municipal taxes.