The currencies of the Central Bank were thickened in the first week of the new tariff scheme and the application of the agricultural dollar.
The good news had already been reported on Thursday: in the first three days since the implementation of the agro dollar they had exported 270,441 tons of soybeans. At the end of the first week of the new scheme for agricultural producers, the central bank reported a currency liquidation for 815.3 million dollars. This boost allowed the agency to close this week with a positive purchase balance of 297 million.
The exchange rate that became effective as of the new edition of the Export Increase Program (PIE) was established in $300 per dollar for the soybean complex and regional economies. Thursday was the one with the highest flow of income, with 574 million dollars, while this Friday 147,418 million were settled.
He Secretary of Agriculture, Livestock and Fisheries, Juan José Bahillostressed that the measure responded to the “needs and demands of producers both regional economies and other productions”. In statements to National Radiothe official indicated that “regional economies, such as crops and livestock activity throughout the country generate employment, the maintenance of economic activity in the interior, generates roots; we want to translate this into concrete public policies”.
On the other hand, Gustavo Idigoraspresident of the Chamber of the Oil Industry and the Center for Grain Exporters (Ciara-CEC) remarked that even “in the market between three and four million tons of soybeans remained old” and explained that “new soybeans are delayed and hit by the droughtso it may be that April will not see such a strong flow due to all these problems.”
Despite these settlements, the level of activity in the grain market for trading beans is considered modest, given that the average volume traded during the week was close to 100,000 tons. However, the expectations of producers and the national government is that, by May 31, enter 5 billion dollars.
Source: Ambito
