Soybean Exports to Reach $21 Billion, Boosting Tax Revenue

Argentina's soybean complex is poised for a significant economic boost in the 2025/26 campaign, with projected export earnings of $21.19 billion. This represents a 2% year-on-year increase, according to a report by the Buenos Aires Grain Exchange (BCBA).

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the improvement of prices would allow the soybean complex to generate exports for US$21,192 million, 2% more year-on-year, and tax collection of US$7534 million, 28% higher than the previous campaign.

The agricultural sector's contribution to the national economy is also set to rise, with the gross product from the soybean chain estimated at $19.10 billion, a 19% jump from the previous cycle. A substantial 28% increase in tax revenue, reaching $7.53 billion, is anticipated, primarily due to the improved prices of soybeans and their derivatives.

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the soybean chain would also contribute a gross product of US$19,106 million, an increase of 19% compared to the 2024/25 cycle.

Despite a nearly unchanged production volume of 50.1 million tons, a mere 0.4% decrease from the prior campaign, the value of the output has climbed. This increase is attributed to favorable international prices. The planted area, however, saw a notable decline of 8.7% compared to the 2024/25 campaign, with significant drops in the Northwest and Northeast regions of Argentina.

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the national production reached 50.1 million tons, just 200,000 tons less than in the previous campaign, a difference equivalent to 0.4%.

Yields played a crucial role in offsetting the reduced acreage. The national average yield reached 31.3 quintals per hectare, a 9% improvement over the five-year average, excluding the drought-affected 2022/23 season. The BCBA noted that the crop experienced fluctuating weather conditions, with optimal surface moisture during planting but later facing water stress before recovering with February rainfall.

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the planted area showed a significant drop. 16.8 million hectares were sown, 'which represents a decrease of 8.7% compared to the 2024/25 campaign and 1.3% less compared to the average of the last five campaigns'.