With regard to sales of the oilseed, according to official records, since its implementation, this mechanism has generated the sale of more than 3 million tons and, if we add to that the price setting, the volume amounts to 5.7 million tons, an absolute record for September and taking into account, in addition, the short window of time. If the trend continues, in the economic team they are excited that they even enter more than US $ 5,000 millionconsidering that this special exchange rate will be valid until the last day of the month and represents practically zero withholdings for the agricultural producer.
In relation to the agreed businesses, the soybean sales contracts concluded on Monday registered an average value of US$365 per ton, for a volume of 11,349 tons; while fixings were recorded for 35,078 tons at an average value of US$365 tons.
In this framework, according to the data provided by the Customs of the city of San Lorenzo, where the agro-export pole of Argentina is located, in the week prior to the implementation of the soybean dollar, a total of 4,860 trucks had entered, while between On September 5 and 10 – the first week of validity of Decree 576/2022 – an entry of 8,873 trucks was registered, thus showing an increase of more than 80%.
In the same sense, with regard to export requests, the volume doubled, going from 140 to 290. The documented quantities, in tons, increased by almost 80%, going from 715,400 tons to more than 1.26 millions of tons. Meanwhile, there was a 30% increase in requests for authorization of personnel during extraordinary hours and finally, in relation to vessel nominations to operate in the different docks of the jurisdiction, a significant increase is expected, of more than fifty%.
What will follow from now on will be, then, to take advantage of the coming weeks so that the BCRA accumulates as many reserves as possible, also taking into account that once the measure is no longer in force, a logical drop in grain marketing is expected. and therefore of foreign currency income for October and November. In December the dollars from the wheat harvest would begin to enter, which by the way is very complicated and as a result of the drought the exportable balance would have already been reduced by more than 2 million tons.
With all these edges in mind, The Government also seeks to continue forging dialogue with the countryside. That is why the Secretary of Agriculture, Juan José Bahillo, summoned the entities of the sector to a meeting this Thursday. For the time being, the leaders have not confirmed their attendance because they continue to demand a return to the rate hike executed by the BCRA to finance those producers who retain more than 5% of their harvest, an average that brought discontent but that Bahillo will try to calm down with dialogue and a joint work agenda.
Source: Ambito
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