Dollars are a scarce resource. The Government seeks to manage trade to safeguard the foreign exchange that the Central Bank managed to accumulate through the “soybean dollar” to overcome the most complex stretch of the year, until the heavy harvest. On the other hand, in the business talks the concern about the terms of access to the exchange market predominates.
In the cost structure of mass consumption companies, imported inputs do not have much relevance. Although some of the multinationals bring a smaller percentage of their products from other countries, for which they consider that the measure confirmed by the SIRA committee could give them “predictability”.
COPAL’s specifications
Despite the fact that the negotiations for the entry to Fair Prices were not channeled through the business chambers, but were made signature by signature according to the reality of each one, the Coordinator of the Food Products Industries sent a note to the Ministry of Commerce in which it requests a series of conditions for the private sector to adhere to and remain in the plan.
The letter that bears the signature of the also president of the UIA Daniel Funes de Rioja maintains that “the Secretary of Commerce must authorize and guarantee the dollars at the official exchange rate required by the company to be able to advance and pay immediately during the month of November each of the imports of goods and services that the firm usually imports” .
In another passage, the tender documents state that during the term of the agreement there should not be a significant variation in the most relevant costs of the company, such as its raw materials. Neither should there be a significant change in current interest rates, the devaluation of the official exchange rate, inflation or parity agreements”. Finally, it requests the intervention of the Government to “ensure compliance with the payment term of seven days for part of the supermarkets.
The first surveys show a slowdown in food inflation after the launch of Precios Justos. According to a survey by the consulting firm LCG, the third week of November marked the lowest increase in the category in five months.
Source: Ambito
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