The Argentine Government ordered the increase in taxes on soybean exports, which will go from 30% to 33% for those producers that sell more than 1,000 tons per year.
It also provided rebate for small producers who sell less than 1,000 tons that will pay an aliquot of 20% to 30%.
At the same time the Argentine Government decreed a drop in the aliquot of 22 products and another 20 will have no changes.
In this way, soybean export duties rise from 30% to 33%, but those that apply to peas, beans, chickpeas, lentils, fall from 9% to 5%; for peanuts, from 12% to 7%; for wheat flour, from 9% to 7%; and for sunflower, from 12% to 7%, although for confectionery sunflower and sunflower oil, the reduction goes from 12% to 7%.
Export duties are also reduced to popcorn from 9% to 5%; to paddy rice, from 12% to 6%; and to polished rice, from 9% to 5%.
The scheme established by the Government will consist of allocating a part of the additional collection to the rebate of three out of four soybean producers, provided that their production has not exceeded 1,000 tons in the previous campaign.
This benefit, according to official data, will reach 42,406 producers representing 74.2% of the total.