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47m ago

Argentina Halts Grain and Select Meat Export Duties to Pull In Dollars Through Oct. 31

Officials say the plan targets up to US$7 billion in rapid liquidations under a strict three‑day rule.

Juan Pazo: “Ante una situación de dificultad, por términos políticos, en vez de cepo, subir retenciones o aplicar impuestos transitorios pensamos que esos fondos vuelvan a la actividad para generar mayor inversión”
Campo, sector prioritario para el Gobierno.
Javier Cervio, Bolsa de Comercio. Martin Vahutier, director del Banco de Inversión y comercio Exterior. Juan Paso, Agencia de control Aduanero y Pablo Lavigne, Secretario de coordinación de Producción de la Nación
Qué son las retenciones al campo

Overview

  • Decree 682/2025 sets a 0% rate for covered grains and bovine and avian categories until October 31 or until DJVEs reach US$7,000 million, requiring exporters to liquidate at least 90% of proceeds within three business days.
  • Senior officials traveled to Rosario to defend the move, cast the farm sector as an ally, and said accelerating liquidations would reinforce Central Bank reserves and the government’s stabilization program.
  • Grain markets reacted immediately, with soy quotes jumping to around US$360 per ton and active sales reported, after the BCRA sold roughly US$1.1 billion in recent days to defend the exchange band.
  • Meat exporters warned the three‑day, 90% liquidation rule makes the benefit largely unusable for beef shipments, which often have 30/70 payment terms and ~60‑day transit to China, and they do not expect a quick impact on retail prices.
  • Independent analysts estimate a near‑term fiscal cost around US$1 billion, while officials argue higher activity and investment will offset losses and confirmed the suspension ends on October 31 unless the US$7 billion cap is reached sooner.