Overview

• The government published a decree in the Boletín Oficial that sets export duties on all grains at zero with immediate effect.
• The measure remains in place until October 31 or until export registrations reach US$7 billion, whichever comes first.
• Officials positioned the policy as a way to accelerate foreign-currency inflows and reinforce Central Bank reserves.
• Soybean prices rose about 25% from Friday to Monday after the announcement, according to sector leadership.
• Leaders from the SRA and CRA called it an emergency step that could favor exporters, heighten speculation on when to sell, and leave producers who already sold feeling penalized.