The Government will publish between Wednesday and Thursday the decree with The decline in retentions announced by President Javier Milei last Saturday in La Rural. Thus, three sources in the sector that are in constant dialogue with the Ministry of Economy were confirmed. In the market they expect the measure to unlock the operation that is virtually paralyzed since June, when the temporary decline that Caputo had announced at the beginning of the year was completed. There are still $ 11 billion without liquidation.
The field is a key factor for the next elections, due to its electoral weight in some regions, but above all because it is the largest export complex. This medium realized the climate that was breathed in the Rural Society Weeks ago, when one of its managers said that without a decrease in retentions the government would be “dry of dollars until November.”
The president took note and even at the cost of pressing more the fiscal front announced a decrease in withholdings for SOB 33% to 26%, by -products from 31% to 24.5%, corn and sorghum from 12% to 9.5%, sunflower of 7.5% and 5% to 5.5% and 4%. The decree that was not yet published in the Official Gazette will be in the next few hours. “Between Wednesday and Thursday,” sources in the sector referred to the field.
On this point, They award the delay that the text was not ready so that the announcement was decided at the last moment in a “improvised” way. In any case, they rule out versions that arose in the market that the small print could include some mechanism to force to anticipate the liquidation, since in this case the measure is not temporary, but permanent.
The field without trouble
With this scenario, in the sector They expect sales by the field to leave. In other words, given the board prices, producers return to a market that in recent weeks was virtually paralyzed.
In any case, they anticipate that the flow will not approach the record of the first semester: “The fact that now the decline of retentions is permanent Remove that incentive to sell before a certain date”, Highlighted from the Argentine Agroindustrial Development Institute (IDAA).
Screen capture 2025-07-29 at the (s) 4.19.19p. m.
On this point they pointed out that “the producer will decide based on the market price, the evolution of the exchange rate, of their expectation regarding the harvest or its financial needs,” so “”A registration boom is not expected like June and shipments as in July. ”
How many dollars are left without liquidation?
Agricultural Engineer Javier Preciado Patiño estimated that They are left without entering the commercial circuit between 20 and 21 million tons of soybeansat an average FOB value of US $ 400, It implies between US $ 8,000 YU $ S8.4 billion that will enter the Argentine economy
“To this we must add about 15 million tons of corn that are still registered to export, which Other U $ 3,000 million represent. That is There are about US $ 11,000 million corresponding to the Agro 2024/2025 campaign that are still liquidated”, Explained the head of RIA Consultores.
The open question is what will happen to those currencies: The income was record in the first half of the year and worked as a containment dike to avoid the escalation of the exchange rate Despite the flexibility of the stocks. But now, incentives are others. For now, the demand for dollars remains firm.
Source: Ambito
