He was joined by another series of agricultural leaders. The chamber that groups the exporters pointed against the measure: “The recent BCRA measure aimed at cooperatives, collectors and producers who sold soybeans to exporters is restrictive and limiting the exchange market, as well as damaging to the entire soybean chain” .
“The Central Bank continues to apply extortive and discriminatory methods with the agricultural sector. And before this appears the complacency of the Minister of Economy and the Secretary of Agriculture of the Nation who, beyond their statements, have not done anything to prevent this type of things,” said Horacio Salaverri, president of CARBAP, the Rural Confederation of Buenos Aires and La Pampa.
Meanwhile, the chief economist of the Agricultural Foundation for the Development of Argentina (FADA), David Mizzowarned that the measure represents the “death to the soybean dollar”. He wondered “Why sell a few tons of soybeans if you are going to exclude me from the MEP dollar forever?” From this point of view, he considered that “with this measure the Central Bank kills the soybean dollar. It is very likely that sales will drop substantially from now on.”.
Soybean producers marketed more than 600,000 tons on Friday and thus accumulated almost 9 million in ten days, since the Export Increase Program came into force on Monday, September 5, which implements an exchange rate of $200 per dollar for exports. of the oilseed until next September 30.
The measure was agreed upon with the main exporting complexes, which undertook to liquidate soybeans and derivatives for at least US$5,000 million. According to figures from the Buenos Aires Cereals Exchange, 615,678 tons of soybeans were sold on Friday, bringing the total to 8,839,095 tons since Monday 5.
Bahillo’s response
This morning the Secretary of Agriculture of the Nation, Juan José Bahillo, admitted that he found out “minutes before” that the resolution of the Central Bank was released. “I found out about the Central Bank Resolution minutes before it was published. I don’t know when Massa found out,” she said in statements to Metro, a day after the measure.
And he expressed his difference in criteria with the body led by Miguel Pesce: “Massa agreed with my view of allowing individuals to access the foreign exchange market. The measure taken yesterday did not support the rules of the game for producers.”
Source: Ambito
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