This Thursday (21), the President of Argentina, Javier Milei, announced a new reduction for export taxes (retenciones) on grains and grain products. To the Taxes on wheat and barley shipments will be reduced starting next month.. On the other hand, soybean shipments only those who will benefit from the measure will be able to starting next yearAccording to Milei, "starting from January 2027as the revenue comes in, We will reduce [the tax on soybean exports] by between a quarter and half a point. per month continuously until the year of 2028Other agricultural commodities – such as cornthe sorghum, the sunflower and the soy derivatives – were not mentioned during the Argentine president's speech, therefore the rates should remain at the same values announced in Official Gazette of the country in December 2025. To the retentions They were defined as follows:
- Wheat and barley: from 7.5% to 5.5%
- Soy: monthly reduction of 0.25 pp or 0.50 pp starting in January 2027;
This text was translated by machine from Brazilian Portuguese.