Economy works on a resolution that accompanies the DNU. It is also expected that this week the currencies corresponding to soybean sales will begin to enter.
for these hours The Government is working to define access to the differential exchange rate for exports from regional economies which will run until August 31. A measure that seeks to accelerate the entry of dollars, without neglecting the supply and prices in the domestic market. It is that the publication of the decree of necessity and urgency (DNU) 194/2023 included in the list practically all the chapters of the Mercosur Tariff Nomenclature related to agriculture and that could also be applied to beef, milk, chicken and cereals. According to official sources, in the coming days the list will be limited of the participating sectors and more specifically the authorization for these same items will be tied to the participation of the companies in a price agreement for the domestic market.
More concretely, bovine meat, chicken, fluid milk and cereals, among many other products that make up the basic basket, will not be reached by the agricultural dollar which contemplates a differential exchange rate of $300 until August 31 and which will come into effect in May. Until its formal implementation, the Government will first seek to define items that are not so sensitive in domestic consumption, such as viticulture, honey or peanuts, and from there close agreements with the participating companies so that they comply with the supply in the market within a framework price agreement. A measure that would then serve to attract more foreign currency and add more companies and products to the Fair Prices agreement.
In addition, in order to access this differential exchange rate, each exporter and/or company will first have to register with the Secretary of Commerce, enter the Fair Prices program and, later, do the proper management in AFIP. After carrying out these procedures and with the due approval of the portfolio led by Matías Tombolini, only then could it begin to operate under the new scheme. According to official sources, the resolution for the more detailed regional economies would be published this week.
Soybean sales in the spotlight
As it happened with the regional economies, there is still one more resolution regarding soybeans for the differential exchange rate of $300 to begin to fully function. This Tuesday the fine print of the decree would be known and from that moment on the technical issue to operate with the so-called soybean dollar III. Precisely for this question, on Monday no sales were closed under this modality and for the moment both producers and the extruder industry and exporters are studying the steps to follow.
The Government obtained the commitment from grain exporters that they would enter some US$5,000 million in just 45 days and that is the minimum objective because in reality what is sought is that they enter some US$6,000 million only from soybean salestaking into account that more than 7 million tons from last season, valued at around US$4.5 billion, remain to be settled.
In short, this week a greater dynamism is expected in soybean sales and by May, dollars from grain sales of the new campaign will also begin to enter. An ambitious but achievable target and key for reserves.
While, With respect to the regional economies, the Government indicated that another US$4,000 million should enter by August. Then, the gaze will be set on the development of the new wheat and barley campaign, already far from the drought, whose dollars would be liquidated as of December.
Source: Ambito
