02 May 2024

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Beijing says millions of tonnes of U.S. soy shipped to China, U.S. data reflects less

Chinese state media said on Sunday the United States has shipped several million tonnes of soybeans to China since the two countries’ leaders met in June, although U.S. government data shows that the volume was much less.



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Argentina: tax cuts on soy meal and soy oil exports suspended six months

Argentina has suspended for six months its program of gradually cutting taxes on exports of soymeal and soyoil, the Treasury Ministry said in a statement on Tuesday, part of the government’s fiscal tightening program. International shipments of both soy products are currently taxed at 23%, lowered gradually from 32% in 2015, the statement said.

By the end of 2019, soymeal and soyoil export taxes will be at 18%, it said, compared with the 15% rate planned before the suspension.



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