Carlos Achetoni explained that small and medium-sized producers will not be given “much room to have alternatives.”
Carlos Achetoni, President of the Agrarian Federation and member of the Liaison Table ruled out that they have asked the Government for a devaluation to liquidate the harvest. He also referred to the exchange rate.
This weekend in a radio interview, the camp leader stated: “The worst thing we can do is ask for a devaluation process” and explained that the small and medium-sized producer is not going to be given “much room to have alternatives” and that he is going to sell quite soon because he will have to assume payment commitments.
“Whoever can, is already an idiosyncrasy, it is not that he uses it speculatively, but always as a custom and custom, he keeps what is produced as hard currency and distributes sales according to payment commitments of investment that has to be made to produce and if there are possibilities of generating some investment, which I understand today has left quite a bit investments stopped because there is a overvaluation of metalworking and the entire automotive industry and of many goods and services that accompanied the devaluation and then accompanied inflation, then they have become completely outdated and that discourages the producer from investing,” he explained in dialogue with Radio Milenium.
Dollar: strong inflow of foreign currency is expected in the coming weeks
He strong foreign exchange income at the beginning of the thick harvest fueled expectations regarding what will be from the next few days on field export settlement level. Although there are no longer forecasts for record numbers like those recorded in 2022, the idea remains that the volume of dollars entering in the coming weeks will be high. The US$654 million traded in the exchange market, of which Banco CentraHe withheld US$468 million, contribute to clearing doubts about the decision of rural producers regarding selling their grainseven with the possibility of exchange rate unification in the medium term, even in the next quarter.
agroindustry soy exports grains field
Dollar: what Achetoni said about the exchange rate trap
“I think that if this continues, it gives the impression that the stocks could soon come out and it would be around a thousand pesos per dollar for any exchange rate, and that would generate a confidence index. Much is also being awaited as to what the agreements will be in Congress and in the May Pact. According to that directionmore trust would be generated and there would begin to be greater investment, tranquility and certainty.”
“The worst thing we can do is ask for a devaluation process. I do think that the most appropriate thing is to look for a exchange rate unification Because otherwise it seems that we are looking to have an extra income with a dollar value that suits us. It seems to me that the process that does have to be honest in Argentina is to get out of the inflation that we have that is taking us by surprise and diluting any exchange rate parity that they put on us. Today what you have to aim for, “regardless of how much the dollar is, pretend that there is a single exchange rate parity and that inflation disappears.”
Source: Ambito
