Overview
- Economy Minister Luis Caputo announced via X that soybeans drop from 26% to 24%, soybean subproducts from 24.5% to 22.5%, wheat and barley from 9.5% to 7.5%, corn and sorghum from 9.5% to 8.5%, and sunflower from 5.5% to 4.5%.
- The government framed the change as a permanent step on a gradual path to eliminating export duties, a stated priority of President Javier Milei subject to macroeconomic conditions.
- The measure will enter into force upon publication in the Boletín Oficial in the coming days, despite officials promoting the decision as starting today.
- Industry and rural groups including CIARA‑CEC, the CAA, CRA, Coninagro and regional grain exchanges welcomed the move as a positive signal and urged faster progress, particularly for the soy complex.
- According to historical data cited in coverage, the new rates for soybeans, oil and meal are the lowest since 2007.