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last mo.

Argentina Sets Permanent Lower Farm Export Duties in Decree 877/2025

The move advances the government’s plan to phase out what it calls a distorting tax, with reductions now in force and a projected US$511 million revenue hit in 2026.

Cepo al Maíz Una sensación de película repetida La cosecha 2021 se va a desenvolver en un contexto complejo
Productores e investigadores en un lote de la Chacra América.
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Overview

  • The decree fixes new rates: soybeans 24%, soy by-products 22.5%, wheat and barley 7.5%, corn and sorghum 8.5%, and sunflower 4.5%.
  • Annexed NCM rules include targeted 0% exemptions for specific products and presentations, such as certain popcorn maize and small-package cereal flours.
  • Rosario Board of Trade estimates place the 2026 fiscal impact at about US$511 million, with recaudación under the new scheme near US$4.81 billion.
  • The soy complex’s permanent rate is now at its lowest level in nearly 19 years, according to BCR data.
  • Producers and industry groups welcomed the signal but see limited immediate effect on the current campaign, as officials tie any further cuts to fiscal performance.