He President Javier Milei He turned on the alarms in the field last week, when he announced that from July the Agro exports withholdings They would rise again, after the temporal decline that governs from the end of January. In this way, soybeans would pay 33 percent of export rights aliquot.
“We said they were transitory, let them know that if they have to liquidate, to do it now because in July the withholdings return,” Milei said in a radial interview that I provide last week.
Given that scenario, The opposition has presented a series of bills to make the decline that the Executive stipulated as temporary and that he already opened the debate in the Agriculture Commission of the Chamber of Deputies.
Lower withholdings gradually: one of the proposals after Javier Milei’s sayings
In fact, in the last hours, from democracy forever, deputy Santa Fe Melina Giorgi presented a new project to establish the Reduction of aliquots by 20%, But from January 2026 and even take them to 0 in 2030.
In the project, the deputy warns that the debate for the issue of retentions generates uncertainty in the productive sectors that do not know with certainty the tax rules that will govern it in the future.
According to Giorgi, “the almost discretionary power to decide on the increase or decline of export rights that the president can make use could, on the one hand, a pressure factor on the producers and also a tool for manipulation of the prices of taxed products and therefore an interference in the free pricing of the mandate of the supplies of supply and demand.”
After warning that Export rights “are one of the most distortive taxes”the deputy Santa Fe recognize that the elimination, without more of them, would deprive the National State of Resources that may already have an expense to be assigned.
Therefore, the deputy It does not boost smooth and flat elimination, because it argues that “immediately the withholdings should not be removed without considering the replacement of that income for the treasury.”
“I propose in the project to reduce all export rights because it would be unfair if we limited us only to agricultural production, since it contemplates production in general,” Giorgi explained to iprofesional.
As the deputy said, through the initiative it is proposed to begin governing since January 2026 to allow the Executive Power to design the 2026 budget, taking into account this reduction.
In short, The project seeks that export rights cease to exist, considering that it is “a regressive tax that does not affect all producers equally, but affects the little ones.”
It also seeks that this instrument be regulated by a law of Congress “to give production clear rules and that the one who will produce has the information and predictability that he needs so much.”
Anyway, Giorgi justifies in that sense the progressive reduction, stating that “the sustainability of the budget equation” must be maintained “and that is why a scheme of 5 -year -old gradual reductionto begin in 2026, in 20% for each year until it achieves its total elimination in the year 2031 “.
The elimination of withholdings, another of the opposition projects
Days ago, they went The legislators for Córdoba, aligned with Governor Martín Llaryora, who presented another project to leave the rise of the withholdings from July.
It has the support of the governor of Santa Fe, Maximiliano Pullaro, and that of Entre Ríos, Rogelio Frigerio, which together with Llaryora make up the Block of Governors called Central Region.
Pullaro confirmed through a statement that he will meet with his provincial peers to carry out a strategy that protects local economies.
“For Santa Fe it is important that they continue to lower the withholdings, not to return the withholdings to the percentages that had been a few months ago,” said Governor Santa Fe.
The project promoted by governors establishes, in principle, that “the National Executive Power may not increase, restore or create new export rights on agricultural and agro -industrial products that have been reduced or eliminated by decree or administrative resolution during the 2024 and 2025 “.
The support of the governors of Córdoba, Santa Fe and Entre Ríos was key for the National Government to obtain key issues such as the new indebtedness with the International Monetary Fund.
Anyway, despite the expectation in the sector so that the retentions of wheat are removed, whose planting will begin next May, it transpired that for now the government “is not evaluating” an eventual elimination of the tax.
When does the decrease in retentions end and what crops cover?
Until June 30, the percentages on the main crops were established as follows: soybeans (bean) went from 33 to 26% and its derivatives dropped from 31 to 24.5%; The rights for the export of wheat remained at 9.5, of the 12% that had been applied, as well as barley, corn and sorghum. Sunflower went from 7 to 5.5 percent.
Since July, this temporary cut would be reversed.
In fact, the question of retentions appeared in the last technical report prepared by the IMF by the new current agreement.
The agency considered that the tax scheme is sustained marked in distortive taxes and requested a reform that should “gradually reduce distortive taxes on exports and financial transactions, replacing them with simpler direct taxes and better managed to homes and companies”, which is interpreted as a reference to export rights and the tax on debit and credits, known as the check tax.
So far, Agro still did not accuse receipt of the warning of the national government that In July the temporary decline of retentions will end And it supports a limited rhythm of grain settlements and currency income, in a context of an export exchange rate that already remained in nominal terms than that it existed before the implementation of the dollar flotation.
However, the latest data shows that the liquidation of the agro -export complex is still something low for this time of the year compared to campaigns from previous years, something that analysts attribute at the low price of the negotiated price on the board.
