According to the report, during the month of April, the companies in the sector liquidated a total of US$3,171,793,606. It represents 6% more compared to March and accumulates so far in 2022 (first quarter) a total of u$s11,097,874,774.
Both entities recalled that the total of the currencies remains in the power of the central bankwhich delivers pesos at the official exchange rate to exporters, in order to carry out the purchase and sale operations of grain in the national market.
“The impact of the stoppage of grain carriers as well as the lower rate of sales for export, added to a lower gross harvest due to the drought, have conditioned the rate of shipments and the income of foreign currency,” they specified.. However, the trend in the rise in the prices of raw materials sustained the momentum in profits from the sale of exports.
From CIARA and CEC They explained that the liquidation of foreign currency is fundamentally related to the purchase of grains, which will later be exported, either in their same state or as processed products, after an industrial transformation. “It is strongly influenced by the commercial cycle of grains, which depends on diverse and changing exogenous factors,” they explained.
Among them, they detailed, there were “international price fluctuations, supply retraction, different volume and protein value of the crops, climatic conditions, holidays, union force measures, regulatory modifications, tariff and para-tariff barriers from abroad, phytosanitary requirements or of quality from other countries”.
The country’s main export product is soybean meal (14.2% of the total) which is an industrialized by-product generated by this agro-industrial complex, which currently has a high idle capacity, close to 50%. The second most exported product in 2021, according to INDEC, was the corn (11%) while the third was soybean oil (6.9%).
Source: Ambito
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