---
title: Argentinian government plans new ‘soy dollar’ to boost exports amid poor crop output
description: On 30th March, the Argentinian government announced its plan to implement a new ‘soy dollar’ preferential exchange, effective from 1st April, to boost exports amid lower output this season. Extreme dry weather in Argentina has led to incessant downward revisions to crop estimates, with the Buenos Aires Grain Exchange latest estimate pegging the crop at 25 million metric tonnes, representing a 42% y-o-y decline. As the Argentinian economy is reliant on its crop trade, being the top soy oil and meal exporter, among other commodities, this year’s soybean production decline has hit the Argentinian economy. The Rosario Board of Trade (BCR) cut the nation’s GDP by $19 billion, compared to the $1 trillion reached in the previous year.
image: https://www.mintecglobal.com/hubfs/Fotolia_11366274_%20soyabean%20oil-Mar-31-2023-02-05-10-6654-PM.jpg
---
[](https://www.mintecglobal.com)
[.png?width=145&height=54&name=Mintec_Logo_Small_Use_Mono_RGB%20(2).png "Mintec_by_expana_dark")](https://www.mintecglobal.com)
- 
**
- [](https://translate.google.com/translate?hl=&sl=en&tl=nl&u=www.mintecglobal.com)
- [](https://translate.google.com/translate?hl=&sl=en&tl=fi&u=https%3A%2F%2Fwww.mintecglobal.com)
- [](https://www.mintecglobal.com/french)
- [](https://translate.google.com/translate?hl=&sl=en&tl=de&u=www.mintecglobal.com)
- [](https://www.mintecglobal.com/italia)
- [](https://translate.google.com/translate?hl=&sl=en&tl=no&u=www.mintecglobal.com)
- [](https://www.mintecglobal.com/portugal)
- [](https://translate.google.com/translate?hl=&sl=en&tl=ru&u=www.mintecglobal.com)
- [](https://www.mintecglobal.com/espana)
- [](https://translate.google.com/translate?hl=&sl=en&tl=sv&u=www.mintecglobal.com)
- [](https://cta-redirect.hubspot.com/cta/redirect/4080606/3a597199-6ead-499b-8311-0bd6a6ba4204)
- [](https://cta-redirect.hubspot.com/cta/redirect/4080606/885beebf-1311-41e6-90cc-01c1a0614f69)
[](https://www.mintecglobal.com)
[.png?width=145&height=54&name=Mintec_Logo_Small_Use_Mono_RGB%20(2).png) ](https://www.mintecglobal.com/)
- EN
**
- [NL](https://translate.google.com/translate?hl=&sl=en&tl=nl&u=www.mintecglobal.com)
- [FI](https://translate.google.com/translate?hl=&sl=en&tl=fi&u=https%3A%2F%2Fwww.mintecglobal.com)
- [FR](https://translate.google.com/translate?hl=&sl=en&tl=fr&u=www.mintecglobal.com)
- [DE](https://translate.google.com/translate?hl=&sl=en&tl=de&u=www.mintecglobal.com)
- [IT](https://translate.google.com/translate?hl=&sl=en&tl=it&u=www.mintecglobal.com)
- [NO](https://translate.google.com/translate?hl=&sl=en&tl=no&u=www.mintecglobal.com)
- [PT](https://translate.google.com/translate?hl=&sl=en&tl=pt&u=www.mintecglobal.com)
- [RU](https://translate.google.com/translate?hl=&sl=en&tl=ru&u=www.mintecglobal.com)
- [ES](https://translate.google.com/translate?hl=&sl=en&tl=es&u=www.mintecglobal.com)
- [SV](https://translate.google.com/translate?hl=&sl=en&tl=sv&u=www.mintecglobal.com)
- [](https://cta-redirect.hubspot.com/cta/redirect/4080606/3a597199-6ead-499b-8311-0bd6a6ba4204)
- [](https://cta-redirect.hubspot.com/cta/redirect/4080606/885beebf-1311-41e6-90cc-01c1a0614f69)
# Argentinian government plans new ‘soy dollar’ to boost exports amid poor crop output
[back to insight ](https://www-mintecglobal-com.sandbox.hs-sites.com/our-insight-2018)
March 31, 2023
1 mins read
On 30th March, the Argentinian government announced its plan to implement a new ‘soy dollar’ preferential exchange, effective from 1st April, to boost exports amid lower output this season. Extreme dry weather in Argentina has led to incessant downward revisions to crop estimates, with the Buenos Aires Grain Exchange latest estimate pegging the crop at 25 million metric tonnes, representing a 42% y-o-y decline. As the Argentinian economy is reliant on its crop trade, being the top soy oil and meal exporter, among other commodities, this year’s soybean production decline has hit the Argentinian economy. The Rosario Board of Trade (BCR) cut the nation’s GDP by $19 billion, compared to the $1 trillion reached in the previous year.
The ’soy dollar’ scheme is not new, as it was used last year to create liquidity on the market due to macroeconomic challenges including high inflation and currency volatility. According to the government, the scheme was successful and strengthened the country’s central bank reserve, with higher international sales. With depleted reserves this year, the new ‘soy dollar’ scheme aims to incentivise farmers to sell crop without the need to exchange their dollar revenue back to local currency at a lower exchange rate. The Mintec Benchmark Prices [MBP] for Soybean Oil FOB Argentina was assessed at $1,011.97 on 30th March.
Topics: [Oilseeds, Oils & Fats](https://www.mintecglobal.com/top-stories/tag/oilseeds-oils-fats)
Roxanne Nikoro
[## PRICE FORECASTING
##  Strengthen your buying strategy, control exposure to price risk
Deliver future price predictions and hedging recommendations, by identifying key turning points and commodity trends.
LEARN MORE
](https://www.mintecglobal.com/forecasting)
#### /You May Also Like
[ANALYSIS: Black Sea Wheat Exports Face Logistical and Weather Challenges](https://www.mintecglobal.com/top-stories/analysis-black-sea-wheat-exports-face-logistical-and-weather-challenges)
Grain markets in the Black Sea region are entering the second half of...
January 27, 2026
[ANALYSIS: Euronext wheat slides as USDA reinforces global supply surplus](https://www.mintecglobal.com/top-stories/analysis-euronext-wheat-slides-as-usda-reinforces-global-supply-surplus)
Euronext milling wheat futures extended losses over the past week,...
January 19, 2026
###### PLATFORM
## Mintec Analytics
The spend intelligence you need, about the food products you buy, all in one place.
[](https://cta-redirect.hubspot.com/cta/redirect/4080606/9e6aba24-3280-4c09-b0f8-14b8b3680071)
CONTACT DETAILS
- UK +44 1628 642498
- USA +1 732 240 5330
-  [Mintec Ltd](https://www.linkedin.com/company/mintec-ltd/)
HEAD QUARTERS
Gloucester House Unit Q,
Bourne End Business Park,
Bourne End,
SL8 5AS UK
CONTACT DETAILS
- [ sales@mintecglobal.com](mailto:sales@mintecglobal.com)
- [ pra@mintecglobal.com](mailto:pra@mintecglobal.com)
- [ support@mintecglobal.com](mailto:support@mintecglobal.com)
-
-  [Mintec Ltd](https://www.linkedin.com/company/mintec-ltd/)
-  [@MintecLimited](https://twitter.com/MintecLimited)
##### ** NEW YORK • LONDON • PARIS • COPENHAGEN **** **
- 
- 
- 
- 
- 
- 
##### ** NEW YORK LONDON ****PARIS COPENHAGEN **** **
- [Cookie Policy](https://www.mintecglobal.com/cookie-policy) |
- [Privacy Statement](https://www.expanamarkets.com/wp-content/uploads/2025/10/Privacy-Policy-November-2025_FINAL.pdf?utm_source=mintec&utm_medium=referral&utm_campaign=always-on-mintec-referral) |
- [Terms & Conditions |](https://www.mintecglobal.com/terms-and-conditions)
- [Modern Slavery Statement](https://www.expanamarkets.com/wp-content/uploads/2025/09/Modern-Slavery-Statement-SEPT-2025.pdf?utm_source=mintec&utm_medium=referral&utm_campaign=always-on-mintec-referral)
Copyright © 2026 Mintec Limited
- [Cookie Policy](https://www.mintecglobal.com/cookie-policy) |
- [Privacy Statement](https://www.expanamarkets.com/wp-content/uploads/2025/10/Privacy-Policy-November-2025_FINAL.pdf?utm_source=mintec&utm_medium=referral&utm_campaign=always-on-mintec-referral) |
- [Terms & Conditions |](https://www.mintecglobal.com/terms-and-conditions)
- [Modern Slavery Statement](https://www.expanamarkets.com/wp-content/uploads/2025/09/Modern-Slavery-Statement-SEPT-2025.pdf?utm_source=mintec&utm_medium=referral&utm_campaign=always-on-mintec-referral)
Copyright © 2026 Mintec Limited