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Argentina Halts New Zero‑Duty Grain Registrations After $7 Billion Cap Is Hit in 48 Hours

ARCA says Decree 682/2025 reached its ceiling, so new DJVE shift back to the prior export‑duty rules.

Overview

  • The zero‑duty measure covered specified grains and by‑products and was set to last until October 31 or until DJVE values totaled $7 billion, whichever came first.
  • ARCA announced at 21:15 that the quota was fully registered and deactivated the option to file DJVE under the decree, a notice later echoed by presidential spokesman Manuel Adorni.
  • With the cap reached, only DJVE under the pre‑decree export scheme can now be registered for new operations.
  • Exporters that registered under the benefit must still liquidate at least 90% of foreign‑currency proceeds within three business days or face the previously applicable duties.
  • The agroindustrial chain reported $4.1 billion in exports over two days as the sector moved quickly to use the incentive.