Lilia Castillo 🥑
35.2K posts

Lilia Castillo 🥑
@pecazules
Twitter es mi departamento de quejas y elogios.
















¿Qué está pasando con los parques de la #CDMX? 🌳🐀🤢 Parques emblemáticos de la capital, como la Alameda Central, enfrentan deterioro: basura acumulada, roedores, áreas verdes descuidadas y mobiliario vandalizado. Lee la nota: 🔗 lasillarota.com/metropoli/2026…




Argentina vs Brazil Same crop, two countries, two different policy paths: Perfect policy outcomes As highlighted in our previous posts, Argentina applies export taxes on raw soybeans, while Brazil does not maintain a broad, permanent nationwide export tax on soybeans. Argentina’s current soybean export tax architecture effectively dates back to 2002, when duties were reintroduced after the financial crisis, and was later reinforced in 2008 This policy created several important market outcomes. First, in raw soybeans, Argentine farmers effectively absorb a meaningful part of the tax burden. Since global commodity prices are externally set, exporters cannot fully pass the tax to buyers. As a result, domestic farm-gate prices in Argentina tend to trade below world benchmarks. This indirectly strengthens Brazil’s position. As the dominant global exporter, Brazil can benefit from demand diversion and wider export premiums, giving it greater pricing influence in the international soybean market. In tight supply periods, this can also contribute to higher benchmark prices. What makes this even more striking is that this happens despite Brazil also enjoying higher agricultural productivity. Recent yield comparisons: Brazil: ~3.57 tons/ha Argentina: ~2.83 tons/ha So Brazil combines: higher yields larger acreage stronger logistics scale dominance stronger pricing leverage Yet the most fascinating result may be an unintended industrial consequence of Argentina’s tax policy. Argentina’s export tax did not build the soybean processing industry from scratch; rather, it amplified an already rising comparative advantage in crushing, oil, and meal exports. Over time, the export tax on raw beans helped push the country toward large-scale soybean crushing, soy oil refining, and meal production clusters, especially around Rosario. In other words, instead of relying only on discounted raw soybean exports, Argentina gradually shifted toward transforming the bean into higher value-added downstream products. The tax may have reduced raw-bean competitiveness, but it also likely accelerated industrial depth. Now let’s look at what the data says. 1) Raw soybeans The first chart shows the most obvious result. Brazil has massively outscaled Argentina in raw soybean export value, rising from roughly $5bn in 2004 to above $40bn in recent years, while Argentina remains largely range-bound. This confirms that: This strongly suggests that Brazil dominates the volume side of the raw bean market, while Argentina’s export tax likely reinforced this divergence by lowering domestic producer incentives (If there is any error, please let me know)










