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.