turkey 's ongoing currency crisis is leading to increased export taxes for its agricultural exports , with corn being hit the hardest . President Mauricio Macri 's announcement of USD$12.9b in taxes and the return of export taxes as part of plans targeting a zero inflation policy will see farm exports be taxed at four pesos for every dollar with a roof of 10 % , except soyabeans , which will continue to have the same export tax . Processed commodities , such as soyameal and soyabean oil , will be assessed at 3 pesos for each dollar . The new taxes will make corn 50 % less profitable , according to Agritrend .
Argentina's ongoing currency crisis is leading to increased export taxes for its agricultural commodities, with corn being hit the hardest. President Mauricio Macri's announcement of USD$12.9b in cuts and the return of export taxes as part of plans targeting a zero deficit budget will see farm exports be taxed at four pesos for every dollar with a roof of 10%, except soyabeans, which will continue to have the same export tax. Processed products, such as soyameal and soyabean oil, will be taxed at 3 pesos for each dollar. The new taxes will make corn 50% less profitable, according to Agritrend.