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AMIS Market Monitor

last release: Feb 2018

Policy Developments

  • In January 2018, Argentina effectively reduced the soybean export tax from 30 percent to 29.5 percent (Decree 1343/2016). Until December 2019, export taxes will be subject to further monthly reductions of 0.5 percentage points, down to 18 percent for soybeans; and down to 15 percent for soybean by-products.  
  • As of 1 January 2018, China reduced the amount of foreign material allowed in shipments of US soybeans. US shipments that exceed 1 percent of foreign material could be held back for testing. 
  • In January 2018, the European Commission authorized five new varieties of genetically-modified oilseeds for ten years, including four soybean and one rapeseed varieties. All derived products will be subject to EU labelling and traceability rules.