Argentina reinstates higher export duties for soybeans and corn

out for a last-minute change of heart. Friday’s decree established that export duties on wheat and barley will remain at 9.5% until March 31, 2026. Soybean duties will increase from 26% to 33%, corn and sorghum from 9.5% to 12%, and sunflower from 5.5% to 7%. Wheat flour will remain at 5.5%. The government initially cut export duties for some agricultural commodities in January. The break was initially intended to last until June, but was then extended to July, and it applied to soybeans, corn, sunflowers, sorghum, and all their byproducts. In May, the administration announced that it would extend the temporary reduction in export duties on wheat and barley, whose sowing is now in full swing, to 2026. These crops will be harvested by the end of the year. Export duties for a plethora of agricultural goods, known in Argentina as regional products, were permanently eliminated. These included sugar, cotton, wine, tobacco, forestry products, and rice, among others. With this policy, ...