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Milei Sets Timetable to Phase Out Agricultural Export Duties

The president tied cuts to growth in mining and energy and to maintaining a fiscal surplus as he outlined a stepwise plan at the national livestock expo.

Overview

  • At the 138th Exposición Rural in Palermo the president announced a phased schedule to reduce export duties for key crops as part of a push to revive agro‑exports.
  • Milei said soybean levies will fall from 24% to 15% by December 2028, soybean oil and meal to about 14%, maize to 5.5%, and confirmed earlier cuts to wheat and barley.
  • Agricultural leaders pressed for faster action and demanded permanent abolition 'por ley y para siempre,' saying the sector wants immediate legal certainty and dollar payments for grain sales.
  • The government said mining and energy expansion will provide the funds to finance further cuts but conditioned moves on keeping a fiscal surplus and on sector growth.
  • Regional commentators warned that under current rules the national treasury keeps roughly 75% of mining revenue, so provinces with mines and oilfields would effectively shoulder the cost unless revenue‑sharing is reformed.