According to CIARA-SEC, the Chamber that brings together the Oil Industry and Cereal exporters, “the government informed CIARA that it does NOT plan to extend the program under decree 443/23.” Official sources consulted by Ambit They also confirmed the news.
The commercialization of soybeans exceeded 3.7 million tons within the framework of the fifth edition of the Export Increase Program, which ends this week. This was reported by the Cereal Bag of Buenos Aires, who detailed that since the launch of the new soybean dollaron September 5, a total of 3,724,651 million tons.
Soybean dollar 4: how much was liquidated and the impact on reserves
Of that amount, 2,654,920 million corresponded to new contracts, while 1,078,731 million were fixations of prices of operations carried out before the official measure.
According to Cereal Bagduring last week 1,081,663 million tons were negotiated between new contracts and fixings, 36% less compared to the previous week but 14% above what was marketed during the pfirst week of validity of the program.
The organization also detailed that regarding the total negotiated, 90% of the operations have a price, accumulating around 3,369,013 million tons as a result of new contracts; Of the contracts to be fixed that were concluded after the measure, a price was set for only 19,620 tons, 5%.
Regarding Foreign Sales Affidavits (DJVE), records were issued mainly for soybeans, which accumulated 729,355 tons.
Regarding oil and Soybean flour, records were accumulated for 104,961 and 406,341 tons, respectively; Thus, the soybean complex added records of 1,240,657 tons since September 5.
The new edition of soybean dollar officially concludes next Saturday and, during its validity, allowed the central bank buy, so far, US$517 million in the exchange market, four weeks before the General Elections.
On this occasion there was no dollar differential for the soybeans, but the Ministry of Economy arranged that a 75% of the settled amount by the producers who joined the program will be at the official exchange rate, while the remaining 25% will be freely available.
Source: Ambito
