Argentina Cuts Export Duties on Soybeans and Soy Oil

11-Dec-2025 11:40 AM

Buenos Aires. The government of Argentina, a Latin American country, has reduced the export duty on soybeans and their value-added products (soy oil and soy meal) by 2 percentage points to boost shipments,

make export prices more competitive, and increase the inflow of valuable foreign currency (dollars) into the country. Argentina's Minister of Economic Development stated that this duty reduction is permanent.

It is noteworthy that Argentina is the world's third-largest producer and exporter of soybeans after Brazil and the United States, while it holds the top position in the export of soy oil and soy meal.

India imports the largest quantity of soybean oil from Argentina. In addition, a significant amount of sunflower oil is also imported from there.

According to Argentina's Minister of Economic Development, the government has decided to reduce the export duty on soybeans from 26 percent to 24 percent and on soy oil and soy meal from 24.50 percent to 22.50 percent.

This represents a 2 percentage point reduction in export duties. Along with this, the export duty on sunflower seeds and sunflower oil has been reduced from 5.50 percent to 4.50 percent. This duty reduction will become effective after the notification is published in the official gazette.

Soybean planting has already begun in Argentina, and reports indicate that planting is complete in approximately 60 percent of the designated area.

Favorable market prices and weather conditions are expected to result in a better soybean crop this year.

The reduction in export duties may also provide some incentive for farmers to increase the area under soybean cultivation.