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2025-12-12 19:05:17
[Argentina "Releases Grain" to Global Markets, Cuts Export Tariffs Across the Board] ⑴ The Argentine government officially issued a decree in the official gazette on Friday, lowering export tariffs on grains and their by-products, marking the completion of the legal process for this tax reduction policy. ⑵ This tax cut involves exports of soybeans, soybean meal, soybean oil, corn, and wheat, and was announced by Argentine Economy Minister Luis Caputo on Tuesday (December 9). ⑶ Argentina is the world's largest exporter of soybean oil and soybean meal, and its strong agricultural sector is one of the core support bases for President Javier Mille. ⑷ Lowering export taxes aims to enhance the price competitiveness of Argentine agricultural products in the international market, directly increasing the income of farmers and exporters, and is expected to stimulate their production and export enthusiasm. ⑸ This move is expected to increase the supply in the global market, especially the oilseed and grain market, which may put downward pressure on the international prices of related commodities, while simultaneously enhancing Argentina's export earnings.
