Another point to keep in mind is that, ultimately, the settlement of the field throughout 2022 will be strong, mainly driven by the high prices of agricultural commodities. That is to say that as of August “a drought of dollars” is not expected, quite the opposite., the projections indicate that in the eighth month of the year around US$3.7 billion would enter, in September US$3.5 billion, in October US$3.5 billion and only as of November the liquidation would fall below US$ $3,000 million, but not that much, because in the last month of the year the field would contribute about $2,800 million and in December the same. In this way, only the main agro-export complexes would add the record of US $ 41,500 million throughout 2022.
In this framework, total exports, including the rest of the sectors, would reach more than US$87 billion, a value that would even exceed the 2011 record. Regarding the collection for export rights, the latest projections of the Rosario Stock Exchange indicate that it would be around US$9,000 million and the soybean complex with just over US$7,600 million would be the main contributor. .
The truth is that these numbers are provisional because in the international market the prices of grains do not stop rising due to the war between Russia and Ukraine. Soybeans reached US$634.38 per ton this Thursday, showing an increase of more than US$16 per ton.
Meanwhile, business opportunities are also opening up since Argentina as a food producer could go out into the world to sell more grains in the absence of Ukraine in the corn and wheat market. For now, the good news is that India established a quota for imports of sunflower and soybean oil with a 0% tariff that will directly benefit Argentina, since it is a supplier of both products.
In this way, with the numbers raised, everything seems to indicate that this year the Argentine economy would receive a large inflow of foreign currency but also more spending on imports of energy and fertilizers, among others. That would be the stumbling block to overcome during the coming months that will be key and decisive for the remainder of 2022.
Source: Ambito
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