Tuesday, March 21, 2023

So far in July, agriculture has liquidated US$2.2 billion and the decline in income is worrying

Faced with such a murky scenario, the sector waits and for now, requests measures that are not “short-term”. President Alberto Fernandez’s statements last Friday warmed the mood for the agri-export sector, It is that the president on that occasion pointed to those who speculate and “fields US$20,000 million.” eithern numbers, which strictly speaking have little truth. Figures shown by the Ministry of Agriculture show that around 22.9 million tonnes of soybeans are yet to be sold, valued between US$12,000 and US$14,000 million.,

In any case, from the endless number of rural institutions and producers gathered at the Palermo Rural Exhibition at the moment, they emphasize that the producer is not anticipating soybean sales to the extent of his financial needs. “Soybeans are going to perish, they are never saved to be saved. When the next planting begins, the producer will sell to finance himself. It’s something that happens every year, but now the government is focusing on it because it needs more dollars,” the leader of an agri-export company explained in conversation with Ombito.

The turning point for the sector to destroy the crop today will go through an increase in the difference between wholesale dollars and options. The equation is that farmers currently get $85 for every dollar exported and meanwhile CCL, MEP and Blue comfortably crossed the $330 gap last week. To dismiss any speculation that led to the devaluation, it was Gustavo Idigoras himself, the leader of CIARA – the CEC, the chamber that brings together the main agro-exporters operating in Argentina, who commented a few weeks ago. That the official exchange rate is not the problem. , but the interval.

The alternative that agri-export companies had proposed to the government was a temporary reduction of the moratorium on soybeans and their derivatives. With one key point: that this reduction is a percentage, not less than 10%, to entice growers. That measure, weeks ago, would have been rejected by the government, which is also watching the collection closely and expects soybeans to contribute more than US$8,000 million to the DEX this year.

Thus, when the government evaluates the steps to be followed, growers also delay their sale decisions and wait for a clear signal to propose the next sowing of oilseeds, a fact that is not insignificant, Which will also play an important role. The future of Argentina’s economy.

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news