The truth is that this scenario could worsen even more in the medium term, with soybean sales at their lowest level in the last five years and with international prices falling sharply. That is why some analysts also risk that the exports of the main agricultural complexes may be reduced by much more than US$200 million and the fall in the area and wheat harvest also enters into that equation.
In any case, the field will contribute this year a record income of more than US $ 38,000 million, but a second semester is coming, at least less complicated for the economy, taking into account that its main and largest generator of foreign exchange is showing values in decline.
For now, the soybean contract is already very far from that peak of US$650 per ton and this Wednesday it closed in the Chicago market at u$s532.4 a ton, showing a drop of more than $10 for the August contract. Meanwhile, with falling prices and the economy going through strong turbulence, agricultural producers choose to keep the oilseed as a refuge for value and that will also begin to be felt in the income of dollars in the coming weeks.
According to statistics from the Ministry of Agriculturethere are still 22.9 million tons of soybeans to be sold, valued at around US$12.7 billion at export prices, this delay in soybean sales is the deepest in the last five years and records its worst record in 15 years.
In the week that ended on July 13, just over 480,000 tons were sold and there are no signs that marketing will be reactivated in the coming weeks, quite the opposite. That is why the agro-export companies propose that the Government execute a substantial reduction in the short term, of no less than 10 points of export duties on soybeans on a temporary basis, in order to encourage producers to sell their grains. stored in silos. A measure that the Government is not willing to take at the moment, but the truth is that there is a need for more dollars to enter and the countryside can once again become the undisputed engine of an economy that is going through strong turmoil.
Source: Ambito
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