Specifically, wheat has already been sown and will be harvested next December, while soybeans begin to be sown next spring to be harvested between the end of February and March. That pothole constitutes a setback in the income of dollars in the second semester, precisely when the Government needs to accumulate foreign currency and keep the exchange rate stable.
That is why, beyond taking care of imports, the focus of the Massa economic team is on the 22.7 million tons of soy that producers still keep in their silos from the 2021/22 campaign. At export values, they would represent close to US$14,000 million. With this in mind, the Government began a new stage of dialogue with the field and, so far in the administration of the new Minister of Economy, the Liaison Table has already held two meetings, first with the minister and yesterday with the technical team of the Secretary of Agriculture.
Although there are still no definitions, what the economic team is looking for is to agree with the countryside on a relaunch of the so-called “soybean dollar”, with necessary modifications that tempt producers to sell soybeans. According to the rural trade unionists, the key beyond any mechanism is in the gap between the official dollar and the financial ones.
As a starting point, Massa promised not to increase withholdings on cereals, which could rise two points to 14% without going through Congress, and also coordinate assistance tools for regional economies. Another issue that is in the pipeline is that of meat exports, which are currently restricted.
At the edge of Tuesday, from the field they explained that the meeting with Secretary Bahillo and his technical team flowed with exchanges of ideas to continue working in the coming days. Announcements and measures are then expected in the coming weeks but are currently under study.
On the other hand, with regard to agro-exporters, the Government is also seeking to advance a greater liquidation of foreign currency in the coming weeks and due to the pre-financing of exports, it is expected that some US $ 1,000 million will enter, a figure that collaborates with the current context but that is far from the needs of the economic team to accumulate reserves. That is why it would also be under study to approve, via DNU, some key articles of the agro-industrial law that would favor the sector. Everything is under study and the Government is working at full speed in its “tempting the countryside” operation.
Source: Ambito
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