Last Friday, the Economy Minister promised the leaders of the Liaison Table “concrete announcements for the sector within a period of no more than ten days.” The official seeks to face a new stage in the relationship with the sector and one of those measures would be aimed at strengthening, via credits and lower taxes, the regional economies that are currently going through a complex economic situation.
On the other hand, reality showed that the intervention in the beef export market did little to contain the price of the product in the domestic market. Moreover, beef had an increase of more than 20 points above the general inflation index. That is why the Liaison Table directly requests the total liberalization of exports, something that Massa promised to put under study and that will also be one of the central issues at the technical meeting this Tuesday.
Beyond the search for dialogue and consensus, the new Economy Minister seeks to have the countryside as an ally in a context in which the economy needs this sector, one of the few genuine foreign exchange generators. The slow commercialization of soybeans continues in the crosshairs because around 22.7 million tons valued at nearly US $ 14,000 million are still in the farmers’ silos. Through the pre-financing of exports, Massa managed to get agro-exporters to contribute around US$1 billion in additions to the foreign exchange settlement in the coming weeks, but there is still more to come.
The sale of soybeans is key because the cereal companies need raw material to grind and thus increase shipments abroad and the income of dollars. Lhe first projections indicate that in August the foreign exchange liquidation of the field would be less than US$3,000 million and that is precisely the figure that Massa’s team seeks to promote so that it exceeds US$4,000 million, an ambitious goal that could appease the local exchange market.
What would follow from now on would be the launch of specific measures for the sector and the modification and/or “re-launch” of the soybean dollar. A key point that discourages the use of the current mechanism is that producers cannot buy the MEP dollar during the 90 days after taking a position in the savings dollar of 30% of their sales. The modification of this point is also under study.
This Tuesday’s meeting would also be just the beginning of a series of meetings between the countryside and the Government in a context in which the Liaison Table has already described the opening to dialogue as “positive”.
Source: Ambito
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