Milei Cuts Argentina Wheat Tax, Pledges Soy Cuts If Re-Elected
The package includes a $580 million to $687 million fiscal hit and ties soy duty cuts to Milei’s reelection bid.
- On Thursday, Argentine President Javier Milei announced at the 172nd anniversary of the Buenos Aires Cereal Exchange that the government will lower export duties on wheat and barley from 7.5 percent to 5.5 percent starting in June 2026, marking the second grain-tax cut in less than a year.
- The structural reduction aims to incentivize planting for the 2026-2027 cycle. The International Monetary Fund Executive Board approved a $1 billion disbursement on Thursday, stabilizing Central Bank reserves enough to permit the permanent revenue concession.
- Export duties on automotive, petrochemicals, and machinery will drop to zero from July 2026 through June 2027. Consultancy Romano Group estimates the 2026 fiscal cost at approximately $580 million, while LCG models the loss closer to $687 million.
- Starting January 2027, soy export duties will decline monthly contingent on reelection, with cuts of 0.25 to 0.5 percentage points. The Argentine Oils Industry Chamber welcomed the announcement, urging the Economy Ministry to "find an appropriate format to avoid negative effects on commercialization."
- Milei explicitly tied the soy schedule to the October 2027 presidential contest, framing it as a binary referendum on his economic project where ruling-coalition reelection locks in the gradual duty elimination through 2028.
39 Articles
39 Articles
Milei announces cut in export duties for wheat, barley, soy
Wheat and barley export duties will fall from 7.5 percent to 5.5 percent starting in June, soy reductions from January onwards; President tells agro-business leaders that he will reduce export duties to zero by 2028 – if he wins re-election next year. Leer más
Milei Cuts Argentina Wheat Tax, Pledges Soy Cuts If Re-Elected
Argentina · Trade & Tax Key Facts —Announcement: Argentine President Javier Milei announced Thursday evening at the 172nd anniversary of the Buenos Aires Cereal Exchange that the government will lower Argentina export duties on wheat and barley from 7.5 percent to 5.5 percent starting in June 2026, the second cut to grain export taxes in […] The post Milei Cuts Argentina Wheat Tax, Pledges Soy Cuts If Re-Elected appeared first on The Rio Times.
President Javier Milei anticipated Thursday a reduction in the retentions for the industrial sector that includes the automotive, petrochemical and machinery branches “from July 2026 to June 2027”. “We will go down to the automotive, petrochemical and machinery industry. We will go to zero and the schedule will be informed by the Ministry of Economy in these days,” said the president after having announced a reduction in the retentions of wheat …
By Randy Stagnaro. Latin American Summary, May 22, 2026. He pointed out that since June will begin to reduce the aliquots that tax the external sales of wheat and barley. A month later it will be the turn of industrial products such as cars, chemicals and machinery. The process will last at least until 2027. President Javier Milei announced that the government [...] Entry Argentina. Milei announced low retentions for companies that export and ac…
He did so during a speech he gave at the Buenos Aires Stock Exchange of Cereals, and anticipated that the export duties paid by agriculture will continue to fall “continuously until 2028 if we re-elect.”
As the brutal adjustment of the government progresses, Milei confirmed a reduction of retentions for wheat and barley since June and anticipated a gradual decline for soy from 2027. Javier Milei announced a future decline of retentions for exports of wheat, barley and soy in the framework of the act by [...] The entry For them there is no adjustment: Milei announced lower retentions for the field was first published in Pausa.
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