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The measure establishes the temporary suspension of the 2% differential of export duties on soybean meal and soybean oil, from Decree 790, from 2020. These export duties will increase from 31% to 33%.
The measure will affect 11 companies exporting soybean by-products, 8 of which represent 95% of total exports.
It was also decided to open export registrations for the 22/23 harvest, for a total of 8 million tons of wheat, in addition to the 2 million tons already authorized in order to capture international prices.
In addition, the government decided to create a Temporary Argentine Wheat Stabilization Fund. The implementation and administration of this Fund will be the exclusive responsibility of the Secretariat of Domestic Trade, which will set up a fiduciary fund for this purpose.
March 19, 2022/ Ministry of Agriculture, Livestock and Fisheries/ Argentina.
https://www.magyp.gob.ar/
