Faced with such an ambiguous scenario, the field waits and, for now, requests measures that are not “short-term.” The statements of President Alberto Fernández last Friday ended up heating up the mood of the agro-export sector. It is that on that occasion the president pointed to those who speculate and “keep US $ 20,000 million in the field.” ORn number, which strictly speaking has little truth. The statistics shown by the Ministry of Agriculture show that around 22.9 million tons of soybeans remain to be sold, valued between US$12,000 and US$14,000 million..
In any case, from the rural entities and an endless number of producers gathered at this time in the Rural Exhibition of Palermo, they emphasize that the producer is not speculating but executing soybean sales to the extent of his financial needs. “Soybeans are going to be liquidated, they are never saved to save. When the next planting begins, the producer will sell to finance himself. It is something that happens every year, but now the Government is focusing on it because it needs more dollars, ”explained the leader of an agro-export company in dialogue with Ámbito.
The turning point for the field to liquidate the harvest today would go through the increase in the gap between the wholesale dollar and the alternatives. The equation is that farmers currently receive $85 for every exported dollar and meanwhile the CCL, MEP and blue comfortably passed the $330 gap last week. To rule out any speculation leading to a devaluation, it was Gustavo Idígoras himself, leader of CIARA – CEC, the chamber that brings together the main agro-exporters operating in Argentina, who remarked just weeks ago that the official exchange rate is not the problem, but rather the gap.
The alternative that the agro-export companies had proposed to the Government was the temporary reduction of withholdings on soybeans and their derivatives. With a key point: that this decrease is a considerable percentage, not less than 10% to tempt the producers. That measure, weeks ago, would have been ruled out by the Government, which is also watching closely the collection and expects that this year soybeans will contribute more than US$8,000 million in DEX.
Thus, while the Government evaluates the steps to follow, the producers also delay their sales decisions and await a clear signal to also propose the next sowing of the oilseed, a fact that is not insignificant, which will also play a key role. in the future of the Argentine economy.
Source: Ambito
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