In this context, the good news is that also in the period between April and October, the liquidation of foreign exchange would not fall below US$3,000 million in any month. After the record of March, which exceeded US$2.9 billion, in the current month the income of just over US$3.9 billion is projected and in May, based on the strong income from the soybean harvest, would add another US$4.14 billion.
“Disaggregating by complex, the exports of the complex soybeans are projected at US$23,745 million, US$577 million more than projected a month ago. This is due to the sharp rise in FOB prices for all products, but soybean oil in particular. In this way, the complex would manage to exceed the value exported in 2021 by US$269 million. The corn complex would reach shipments for US $ 9,650 million, almost US$1 billion more than was expected a month ago. Thus, if these prices are sustained, it would reach a record, exceeding the value reached in 2021”, they explain from the Rosario entity.
In turn, the projections for the complex wheat reach an increase of US$328 million to US$4,741 million for the current year. Thus, the rise in prices together with the increase in quantities would allow this complex to increase the value of its exports by almost US$1.43 billion compared to the 2021 mark. The sunflower complex would reach exports for US$1.84 billion, US$512 million more than forecast a month ago and US$538 million above the 2021 mark. “The conflict in the Black Sea region has sent oil prices soaring, given that between Russia and Ukraine they represent about 80% of world exports of this product”, details the BCR. Finally, the cebada complex would record shipments for u$s1,077 million.
These data also come to reaffirm the latest projections of the Mediterranean Foundation that anticipated a liquidation of foreign exchange of around US $ 44,500 millionadding in addition to the traditional exporting complexes, to peanut shipments, one of the sectors that has been growing the most at the international level.
In this way, while the exchange rate deepens and the Government seeks to put a brake on inflation, the extraordinary income of genuine dollars becomes excellent news for the national economy for this 2022, as well as a key tool for the economic team. .
Source: Ambito
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