The Government confirmed zero retentions for all grains until October 31, a measure that seeks to increase the offer of dollars and calm volatility.
The government officialized the return of zero withholdings for the soy, corn, wheat, sunflower and other crops until October 31. Through a message from Manuel Adornipresidential spokesman, it was stressed that the measure seeks guarantee a greater offer of dollars and reduce the volatility of the exchange rate, amid expectations of the agricultural sector.
“The old policy seeks to generate uncertainty to boycott the government program. In making it punish the Argentines: we will not allow it. Therefore, and with the aim of generating a greater offer of dollars during this period, Until October 31 there will be zero retentions for all grains “said Adorni in his X account.
Field reaction to the announcement of zero retentions
The agricultural sector response was immediate: “We support any measure that implies eliminating retentions even if they are temporary. See the details of the way of operating and when it will be operational”said Gustavo Idígoras, president of Ciara-Cec, the news was barely known.
Nicolás Pino, president of the Rural Societyexpressed his position in dialogue with TN: “It is a good surprise, it is good news that opens a door again to continue insisting The kind thing is to get the most invasive tax that are withholdings. The government did it for just over a month, we will see how it works. ”
Dollar soy withholdings
Depositphotos
Similarly, he said about the temporality of the measure: “Temporary measures They are not entirelybecause if one sold last week you will feel more or less bad today, but the first reading is that the government took a measure that the field has been asking for a lot of years ago. Let’s see how that temporality becomes permanent. ”
News in development.-
Source: Ambito
