The Export Increase Program, known as the soybean dollar, offers $200 for every dollar obtained from the export of the oilseed. The program, as announced, It will only be valid during Septemberdespite the demands of the sector to extend it.
The objective of the program was, during the first 72 hours, accumulate sales of US$1,000 million, and US$5,000 million throughout the month.
“For the Government, the agro-industrial sector is a key sector that has, perhaps from the point of view of product growth but also from the point of view of exports, a fundamental role in guaranteeing growth and the accumulation of reserves in Argentina. “, the minister is seen saying in the video. Statements are as of the day of program announcement, September 4, 2022.
“It stabilizes the functioning of our economy. We want to build and contribute so that this first kick that we are giving us will serve to build synergy, to build value and to consolidate work not only in the short term but in the medium and long term, with a sector that is key to a world in which the discussion of proteins, energy, knowledge and rare minerals is perhaps going to be the agenda for the next 5 years“, adds Massa later. One of the changes that the minister implemented after his assumption was to assign Gabriel Delgado, former comptroller of Vicentín and former secretary of Agriculture between 2013 and 2015, as head of the Unit for the Opening of New Protein Markets .
“That our producers feel that the Government accompanies them, understands their problems, but also needs them to continue consolidating the recovery and stabilization of the Argentine economy,” he closes in the video.
On this last aspect, last week he revealed a counterpoint between the Ministry of Economy and the Central Bank. The monetary entity had announced that those who have sold their crops through the Export Increase Program would not be able to operate in the legal exchange market, which included both access to savings and financial dollars (MEP and Cash with Liquidation). Secretary of Agriculture, John Joseph Bahillo, came out to clarify hours later that the measure did not affect producers, but only exporters. The Central Bank spread around midnight the correction of the norm.
The agricultural entities expressed their discomfort at this change in policies and described it as ambush.
The central bank He had announced weeks before that he was raising the interest rate for those who retain more than 5% of its holdings in soybeans: the rate for financing became 120%.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
