He also stressed that the Government was not the only beneficiary: “But also the soybean chain, the producers they sold u$s13 million tonsthe industry was able to buy them, it was able to get out of the problem we had of idle capacity, it was an exceptional month”.
“Then we are with an October that is probably the lowest October in the last 20 years. The purchase of soybeans fell by more than 90%, crushing fell, foreign exchange earnings fell, we prioritized exports more and idle capacity increasedwe went back to work at a 50% level,” he added.
He announced that they are working with the Government and business chambers on a long-term development plan for the agribusiness sector: “We are working on the Agroindustrial Council an agroindustrial plan 2023-2030its writing is already finished, we are discussing it with the Argentine Industrial Union, Copal, the Argentine Chamber of Medium-Sized Enterprises and the Liaison Table. Surely in a month it will come to public knowledge to start working on it, because it seems to me that we continue to live in short-termism.”
He highlighted the role of the sector in the Argentine trade balance: “50% of Argentina’s exports are the oilseed complex, but if we include all the agro-industrial sectors, we are at 70%. If we measure it in net dollars, of every 10 dollars that enter Argentina, 8 are from agriculture“.
About the drought hitting the wheat and that has already affected almost 50% of the planted areas, and about the measure implemented this week by the national government of postpone shipments and not punish the extension of the contracts, he said: “We have lost 9 million tons so far due to the drought. As exporters, we are concerned about complying with the contracts we have with the world.”
Asked if he thinks it will be necessary to import wheat, given the lower production, he commented: “I don’t think it needs to matter, there is an evolution of the campaign data that indicates that there should be enough wheat for domestic supply and to meet export commitments. We have to wait until December and see the final numbers of the campaign.”
Source: Ambito
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