Temporary export tax reduction ends; producer groups show first signs of discontent with the government

On Monday, the decree that temporarily reduced export duties (DEX) for certain crops —enacted on January 27 amid extremely tight profit margins— officially expired. While the government had already extended the reduced rates for wheat and barley until March 2026 ahead of winter cereal planting, it did not do the same for soybeans and corn, Argentina’s two most important crops. As a result, soybean export taxes rose from 26% back to 33%, and corn from 9.5% to 12%, returning to pre-January levels.