The Minister of Economy said that the latest reductions to retentions to cow meat “had effect.” He avoided making ads about a new remove.
The Minister of Economy, Luis Caputoheld an encounter with the representatives of the link table in La Rural, as part of the prelude to the Speech that the president, Javier Mileiwill give this Saturday. Despite the expectations generated by the rumor of the decline in withholdings to the meat, the head of the Palace of Finance did not advance new measures: “Those are the things that the president will announce“, argument.
After the meeting with Nicolás Pino (Argentine Rural Society), Carlos Castagnani (Argentine Rural Confederations) Andrea Sarnari (Argentine Agrarian Federation) and Lucas Magan (Coninagro), Caputo He described the “excellent” meeting and highlighted the dialogue with the sector: “It is a sector with which we exchanged a lot. And when you have a lot of dialogue with a sector, things work more, because there is good communication on both sides.”
The Minister of Economy said the reductions prior to cow meat “had effect.” And he deepened: “Every sign that we can give in that sense, ratifies the direction we promised: end the withholdings. The field reacts accordingly”
Dollar, IMF and reservations
Consulted on the exchange issue, he stressed that the dollar “It’s very quiet”. In addition, he said that The dialogue with the IMF is “barbarian” and denied some type of “warning” by the agency around the low level of reserves in the coffers of the Central Bank. “We are finishing negotiations, they are leaving excellent for the country and, as I say, the relationship is ten points,” he added.
Rural Caputo
In this sense, he defended the state of the monetary authority reserves: “Today you have a better capitalized central bank than ever. It is the first time that Argentina has assets that support the level of liabilities. ”
Argued that That occurs within “a much more stable and much more orthodox economic situation”. And he concluded: “Today we have a fiscal surplus, today there is no monetary issuance, we have a capitalized central bank, inflation lowering and reducing taxes. All that is valued by sectors because it gives much more planning”
Milei’s visit on Saturday
Caputo will return to La Rural this Saturdaywhen I enter the rural society accompanying the president Javier Milei and the Secretary General of the Presidency, Karina Milei. In addition to that a benefit is expected to the meat sector, also There could be news for corn, soybeans, wheat and barley.
It should be remembered that for almost 4 months this retention was reduced to 26% in the case of soybeans, while corn, wheat and barley from 12 to 9.5% and sunflower from 7 to 5.5%. Today only wheat and barley keep the reduction.
Source: Ambito
