The decision of the Central Bank aims to stop the bleeding of foreign currency. through the Communication A7488the entity led by Miguel Pesce modified the regulations for the payment of imports from a specific group of sectors. For a series of tariff positions that exclusively include inputs and intermediate goods, not finished products, it enabled access to the foreign exchange market for limited amounts to different sectors.
The BCRA communication clarifies that “companies will have to certify that the stock of raw materials, intermediate or final goods to be manufactured with the inputs will not exceed the levels required for normal activity.” But from the industry they explain that the levels are not always the same, which can generate complications for access to dollars under these conditions.
Meanwhile, industries such as coffee are looking for alternatives and insist on negotiating with the monetary authorities. “We are working with suppliers to accept forms of payment for 180 days and managing the quota so that there are no shortages,” they commented at Café Martínez. But Salas warned: “There is a risk of shortages, we are working hard so that it does not happen.”
Ambit consulted other large companies in the sector, both cafeteria chains and marketers in mass consumption channels, who avoided commenting on the matter.
In Argentina, 100% of the coffee is imported from different markets such as Colombia and Brazil, among others.
Last week, the second vice president of the Central Bank, George Carrerahad come out to dismiss what kind of problem with imports and access to dollars. “Unfortunately, the lobbyists put pressure on us such as that we are going to run out of coffee or gas (…) it is clear that there are dollars and that they will continue to come in because now the entire harvest settlement is coming”he told C5N.
Source: Ambito
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