Meanwhile, the amount settled by the agriculture, in all of 2022, it amounted to u$s40,438,170,941 forks the best year since records were kept, with an increase of 22% compared to 2021. The entities reported that the oilseed-cereal complex, including biodiesel and its derivatives, contributed 48% of total exports from Argentina last year, according to data from the National Institute of Statistics and Censuses (INDEC).
How are exports made up?
The country’s main export product is Soybean flour (14.2% of the total), which is an industrialized by-product generated by this agro-industrial complex, which currently has a high idle capacity close to 50%. The second most exported product last year, according to INDEC, was the corn (11%) and the third was the soy oil (6.9%).
“The monthly income of foreign currency, transformed into pesos, is the mechanism that allows us to continue buying grains from producers at the best possible price,” the statement said. He also stressed that the foreign exchange settlement is fundamentally related to the purchase of grain which will then be exported, either in their same state or as processed products, after industrial transformation.
“Most of the foreign exchange earnings In this sector, it occurs well in advance of export, an anticipation that is around 30 days, in the case of grain exports, and reaches up to 90, in the case of oils Y flours proteins”, they explained from CIARA-CEC. And they clarified that this anticipation also depends on the time of the campaign and the grain in question, so there are no delays in the settlement of foreign exchange.
Source: Ambito
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