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Tuesday, March 28, 2023

Agriculture extends corn shipments for 180 days due to drought

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As a result of the granting of this extension, the possibility of an extraordinary extension of 30 days granted by the usual system of affidavits is excluded.

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The Ministry of Agriculture ordered the granting of a Exceptional 180-day extension for grain corn shipmentswith the objective of alleviate the inconveniences caused by drought, through resolution 78/2023 published in the Official Gazette.

It grants a Exceptional Automatic Extension of 180 calendar days to Affidavits of Sale Abroad (DJVE) for corn whose expiration of the declared shipping period, plus the automatic extension, was scheduled for the period between March 1 and July 31.

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Previously, in the middle of DecemberAgriculture took the same measure for corn whose maturity was scheduled for that month, January and February.

In parallel, within the framework of Expoagro, the Secretary of Industry and Productive Development, José Ignacio de Mendiguren, announced a package of $28,000 million to encourage the sector. The official, who was accompanied by the Secretary of Agriculture, Juan José Bahillo, and the president of Banco Nación, Silvina Batakis, explained that the focus of the Government in the current context is to sustain the productive apparatus with special emphasis on small and medium-sized producers who are suffering the most from the effects of the devastating drought that would cut foreign currency income by some US$20,000 million.

As a result of the granting of this extension, the possibility of an extraordinary extension of 30 days is excluded granted by the usual system of affidavits.

The provision is based on the “possible derivations in the field of the export of grains and by-products” of the drought that affects the countryand responds to a presentation of the situation of the Grain Exporters Center (CEC).

“Since corn is a product that is highly affected by this climatic condition, it is necessary to adopt concrete measures in order to contain the consequences that they could cause and their implications in the agricultural export scenario,” the recitals of the resolution indicate.

As a result, Agriculture understands that the extension will allow “promoting the care of all agents participants in the grain trade chain”, protecting the internal market and, at the same time, without affecting the “operations linked to the foreign market”.

Also, it is emphasized that This extraordinary extension will not apply to declarations registered after today, since it is understood that the registering firms “already have full knowledge of the situation the country is going through.”

Source: Ambito

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