The warning about the dynamics of the liquidation was made by CONINAGRO. However, they expect that an improvement in prices and greater marketing will promote growth in the next three months.
In the midst of the rise in parallel dollars, the Agricultural Intercooperative Confederation (CONINAGRO) reported that until mid-May “Only 34% of the soybean production of the campaign has been sold”. It is the lowest level in the last 6 years.
The data responds to its latest grain marketing report. The entity led by Elbio Laucirica the sale accumulated in the middle of this month was below the 36% of the previous 2 years and the average of 40% of the 5 years previous, for the same time of the year.
“The rise in international prices, the improvement of the export dollar and the lower humidity are helping it to gain a greater pace“, assures the entity.
At the same time, it warns that this campaign has the highest proportion of production sold with a fixed price, at 57%. This is the highest balance to be fixed in the last 6 years. “This is probably a consequence of the low prices that have been seen in recent months and the perception of a low exchange rate,” explains CONINAGRO.
As of April, the foreign exchange settlement for grain exports reached US$6,433 million. About US$1.2 billion above the same period in 2023, a year of drought, although 40% lower than in 2022.
In this liquidation, CONINAGRO explains that three variables stand out: higher production than in 2022 and 2023, but lower quantities sold by producers and lower prices than in the same period. For the entity, with a greater pace of commercialization, greater pricing and the presence of better prices, “should see rapid growth in settlements in the next 3 months”.
The communication is known within the framework of the rearrangement of parallel dollars and the discussion around the exchange delay. A week before, on May 16, the vice president of the Rural Society and head of Cicyp, Marcos Pereda Born, He stated that the dollar is not behind and that the field will liquidate the harvest.
Source: Ambito
