At the end of 2025, the Ministry of Economy decided to permanently reduce export duties on key agricultural crops.
Argentina may soon gain a stronger position in the global agricultural market, according to experts. This will be possible thanks to the country’s reduction of export duties for its farmers.
This is expected to simplify the process of exporting their products to the global market.
Currently, export duties on wheat and barley have been reduced from 9.5% to 7.5%. Duties on corn and sorghum have been reduced less significantly – from 9.5% to 8.5%.
However, experts generally consider this change quite significant and are confident that it will have a significant impact on both the volume of agricultural exports from Argentina and global markets as a whole.
Moreover, Argentine farmers expect that rates may be further reduced in the foreseeable future, which will provide additional stimulus for the industry.
However, if we compare today’s export duties with those that have been in effect on average over the past decades, we must admit that they are currently very low.
Since 2002, Argentina has typically maintained rates at 10-20%, so analysts believe the current regime can be considered very favorable for producers and exporters.
The US Department of Agriculture is confident that changing these rates will significantly impact the market, especially because up to 60% of all agricultural products produced in Argentina are exported rather than consumed domestically.
Furthermore, it is important to consider that the country has just harvested a very rich crop, particularly of wheat. Last season, more than 27 million tons of wheat were harvested, 50% more than in the same period the previous year.
Wheat exports from Argentina this season could reach 16 million tons, up from the previous 3 million tons, a colossal difference.
However, the record harvest also had negative consequences for farmers. Specifically, it caused domestic grain prices to plummet.
However, farmers are hoping that the significant reduction in export duties will allow them to profit from selling their produce on foreign markets.
