Domestic and international soybean prices are rising at the beginning of July. According to Cepea researchers, the increase comes from the increase in export tariffs (retenciones) in Argentina, as this scenario tends to redirect part of international demand to the United States and Brazil.<\/p>\n
According to the Rosario Stock Exchange, on June 27, the Argentine government officially introduced higher taxes, or \u201cretenciones,\u201d for some agricultural products, such as soybeans and their derivatives.<\/p>\n
As a result, since July 1st, the rate of 33% for soybeans came into effect, compared to 26% since January, and 31% for soybean meal and oil, above the 24.5% practiced until June 30th.<\/p>\n
In the domestic market, the dollar's decline ended up limiting price increases\u2014a devalued US currency tends to discourage domestic exports. In June, the dollar averaged R$ 5.53, the lowest since June 2024.<\/p>\n<\/p><\/div>\n