Argentina to Reduce Soybean Export Tariff

November 29, 2015 08:33 AM

Argentina will reduce its tariff on soybean exports by five percentage points, to 30 percent, when President-elect Mauricio Macri takes office, Clarin reported, citing designated Agriculture Minister Ricardo Buryaile.

The new government also will fulfill electoral pledges to remove tariffs on wheat, corn, beef and sunflowers from Dec. 10, Buryaile said, according to Clarin. The soybean tariff will be cut by five percentage points a year until its elimination in seven years, Clarin said.

Argentina, the world’s third-largest soybean producer, is forecast to export 10.75 million tons of soybeans in its 2015-16 marketing year, according to the U.S. Department of Agriculture.


Back to news


Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by
Brought to you by Beyer