“Zero Export Taxes”: The Controversy in Argentina Ahead of the elections, the Argentine government faced urgent pressure to secure hard currency and stabilize the exchange rate. To do so, it temporarily eliminated export duties on grains and by-products, effective until 31 October 2025, or until declared exports reached a value of $7 billion FOB - whichever came first. The quota was reached in just three days as exporters rushed to file sworn export declarations, which require foreign currency inflows within 72 hours but allow up to 360 days for shipment. Importantly, exporters had not purchased all the grain up front. Only about 30–40 percent of the volume was sourced immediately, helped by strong farmer selling during th...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, South America