In any case, the agreement sought by the Secretary of Agriculture has not yet arrived and the final word will be from the Minister of Economy, Sergio Massa. Strictly speaking, the US$5,000 million that the countryside, mining and fishing were going to advance between August and September for the moment are also conspicuous by their absence, while the producers sit on some 21 million tons of soybeans valued at around US$11 billion.
If the outlook does not clear up in September, there could be even fewer sales by producers. Despite the beginning of the soybean pre-season, that is, the purchase of inputs, in the sector they explain that they will only sell what needs to be financed, the rest will wait for the economic outlook to adjust.
Meanwhile, the official statistics regarding exports of grains and by-products until last July speak clearly of what is happening today. It is that shipments were not slowed down by the lower marketing of soybeans, but exports with added value and derivatives of grinding such as soybean oil, flour and expeller fell sharply.
More specifically, in the accumulated to July, a total of just over 39.4 million tons of grains were sent abroad, which marks an increase of 13% compared to the same period of the previous year when 34.3 million tons were exported. tons. In the opposite village, shipments of by-products were 17.7 million tons, that is, 9% less than until July of last year, when 19.5 million tons had been exported. Meanwhile, in the category of oils, the decline is even greater since it marks a fall of 28% since until last July 3.3 million tons were sent abroad, versus 4.6% the previous year.
The prioritization of agribusiness shipments confers bad news for the local economy because while the milling industry operates with high idle capacity, the same is true of the opportunities for job creation and spillover of added value from the sector. In addition, while Argentina loses position in areas where it is the leader, direct competitors such as the United States are gaining ground. A complex scenario that can complicate the economy even more in the short term.
Source: Ambito
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