The Government’s objective is to exceed the income of US$5,000 million hand in hand with sales of soybeans from last season and grain from the current cycle. According to market projections, this week will be key because a large inflow of foreign currency is expected could reach US$1.5 billionwhich would also give the BCRA a breather.
regional economies
At the beginning of this week, the Ministry of Agriculture also released the list of more than 650 products of regional economies achieved by the benefits of the Export Increase Program (PIE), known as the “agro dollar”, and ratified the requirements that must be met by those who wish to join the initiative.
The measure was formalized through resolution 138/2023, published this Monday in the Official Gazette, in whose annex the tariff positions of the Mercosur Common Nomenclature (NMC) benefited are detailed, among which different species of fish and fishing products, honey, vegetables and nuts, legumes, lemons and their natural oil, grapes and raisins, cherries, garlic, blueberries, tea, peanuts and their oil, popcorn, vegetable waxes, olive oil, meat extract beef, jojoba oil, wines, tobacco, forestry products, meat meal, among others.
The first reading of the official resolution, which the export sector was eagerly awaiting, is that No heavy weight product for the food basket was included in the list. It is that the Government seeks precisely that this export program, which contemplates a differential exchange rate of $300 between May and the end of August, do not put pressure on prices in the domestic market.
Furthermore, the key point is that all these sectors and more particularly The companies that want to participate must first prove to the Secretary of Internal Commerce the normal supply of the product in question in the internal market and sign a price agreement.
“All companies that enter the program must enter into agreements with Commerce and, if they are not complied with, they will be withdrawn,” said Secretary of Agriculture Juan José Bahillo at a press conference, at the same time assuring that from the Secretariat “we will to closely monitor that the benefits they receive reach the entire chain, especially the producer”.
A new round of meetings between Agriculture, Domestic Trade and companies seeking to be part of this differential change is expected in the coming weeks.
The objective of the Government is that through the agricultural dollar for the regional economies some US$4,000 million enter between May and August which together with those collected by the soybean dollar, will be essential to cement the “bridge operation” towards the end of the year that the economic team is proposing.
Source: Ambito
