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South America-Mexico agribusiness expo (June‑July 2026)

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2026-07-28 15:37 UTC → 2026-07-28 15:38 UTC · added ~~removed~~

The 138th Exposición Rural in Palermo (16‑26 July 2026) ~~was the focal point for~~ anchored Argentina’s agribusiness policy shift. President Javier Milei opened the fair by confirming a multi‑year plan to cut export retentions: soybean levies to 15 % by Dec 2028, corn to 5.5 % after an interim 8.5 %, and wheat and barley already at 5.5 %. He framed the cuts as correcting an “aberration” and said they would be financed by expected growth in energy and mining exports, provided a sustained fiscal surplus is kept. Milei also announced a private‑property inviolability law projected to draw about US$15 billion into agriculture‑linked industries. Rural leaders, including Sociedad Rural Argentina president Nicolás Pino and Buenos Aires mayor Jorge Macri, called for a permanent legal abolition of all retentions. At the opening ceremony Milei highlighted that expansion of Vaca Muerta hydrocarbon production and forthcoming lithium and copper mining projects would generate the foreign‑exchange earnings needed to replace the tax revenue. The expo attracted over one million visitors, a 10 % rise in exhibitors, and ~~highlighted~~ showcased record sowing of 40 million ~~hectares~~ ha and grain output above 164 million ~~tonnes~~ t in the 2025‑26 campaign. In a closing address on 26 July, Milei reiterated the same retention‑reduction ~~schedule and~~ schedule, emphasized that any further tax relief would hinge on maintaining the fiscal surplus, ~~noting~~ and again tied the financing of the cuts to rapid growth in energy and mining sectors. Milei noted that Argentina has collected roughly US$215 billion in export retentions since ~~2002. Later that day, during the inauguration ceremony, he again stressed that~~ 2002, underscoring the ~~planned cuts would be offset by growth in energy and mining exports and warned that additional tax relief depends on a continued~~ fiscal ~~surplus. The president’s reaffirmation underscored the commitment to eliminate export retentions, linking financing to foreign‑exchange earnings from the energy and mining sectors and reiterating~~ importance of the ~~expected US$15 billion private‑property law.~~ reforms.

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