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MercoPress, en Español

Montevideo, April 19th 2024 - 20:29 UTC

Tag: soybean taxes

  • Monday, March 9th 2020 - 08:57 UTC

    Argentine farmers begin four day sales strike to protest higher export taxes

    The government on Thursday increased export levies on soybeans, soymeal and soyoil to 33% from 30%

    Argentina’s main farm groups will hold a four-day sales strike this week, officials with local growers groups said on Thursday, to protest a tax hike that soy crushing companies warn will cripple investment in the key sector.

  • Saturday, December 28th 2019 - 09:53 UTC

    Argentine farmers back on the roads protesting export duties

    According to the self convened farmers, some 60 tractors and over a hundred vans have met at the town of Bell Ville, while the column heading for Rosario is made up of over 300 tractors, farm equipmen

    Argentine farmers from the central provinces of Cordoba and Santa Fé are back on the roads to protest the latest raft of export duties on agriculture produce and overall increase in taxes established by the recently sworn in administration of President Alberto Fernandez.

  • Thursday, November 6th 2014 - 07:37 UTC

    US soybean crushers claim Argentine export taxes distort the market

    Argentina’s DET's system creates economic incentive for processing the beans in the country and exporting the value-added products rather than the raw beans

    The American Soybean Association, the National Oilseed Processors Association and the North American Export Grain Association sent comments last week to the U.S. Trade Representative identifying significant barriers to U.S. exports, particularly on the trade distorting impact of Argentine Differential Export Taxes, or DETs, and the artificial advantage provided to soybean products exported from that country.

  • Friday, April 4th 2014 - 07:35 UTC

    Brazilian congress strikes down new taxes on the domestic soy market

    The country is the world's leading exporter of soybeans

    Brazil's Congress struck down this week a proposal to impose new taxes on the internal soy market after fierce opposition from the country's agricultural sector. An amendment to apply a tax known as PIS/Cofins on soybean sales to some domestic buyers had been removed from a bill to simplify taxation of Brazilian companies abroad that was passed by the lower chamber late on Tuesday.