In this way, May, June and July will be key for the BCRA to take advantage of adding reserves in a context of extreme pressure in the local exchange market and when, in addition, the various deficit sectors need the US currency to produce.
Specifically, according to the projections of the Rosario Stock Exchange, in May agriculture would liquidate around US$4,000 million, in June another US$3,800 million and in July US$4,000 million. Thus, in that quarter alone, the accumulated income from the agro-export sector, which includes the main grains and by-products, would contribute around US$11.8 billion to the economy, a record figure for that period and that would exceed 15% of what was achieved in one year. behind.
The Rosario Stock Exchange also indicates that throughout the year the agro-export sector would liquidate the record of almost US$42,000 million, meanwhile from the Mediterranean Foundation they expand the figure to US$51,000 million because it also adds shipments of beef and peanuts among other key sectors of agriculture. This figure also represents US$16,000 million more than what the field contributed throughout 2020.
The truth is that despite the phenomenal income of dollars from the countryside, the local economy today is at a crossroads. It is that the deficit sectors are more than those that genuinely generate currencies. Moreover, the field is practically one of the few sectors that continuously contribute fresh dollars in the foreign exchange market.
This is how it is explained that after the record of 2021 when the field liquidated more than US $ 32,800 million, in any case the reserves of the BCRA ended the year at its point of maximum pressure, with a market demanding dollars and with debt maturities with various international organizations to cancel.
The scenario for this 2022 does not seem to be very different and that is why it is essential that the countryside continues with its large foreign exchange income, but that the BCRA also manages to take advantage of the flood of dollars from the soybean harvest, which will be essential to have more firepower in the second half of the year.
Source: Ambito
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