The government is confident that the pass at prices of this exchange jump will be less. They have already registered increases in wholesalers and the bid between manufacturers and merchants began.
On the first day of the new exchange scheme the industrialists had to live with the Sales paralysis of many of its suppliers, price lists with increases of up to 20%, delivering open and the execution of debit notes for “exchange difference”. The government ensures that the transfer to prices It will be less than on other occasions because “the macro is ordered” and there will be no monetary validation. SMEs, in the dilemma of moving costs and losing market or staying still and continuing to resign profitability.
“A typical variable rearrangement day,” said a consultant from the industrial sector as of Monday in which the new measures of flexibility of the exchange market entered into force. It was a day when Many suppliers chose not to deliver merchandise waiting to determine The value of the dollar: “There is no information, don’t ask, we don’t deliver,” a multinational to a local company in the textile sector told.
Others, with more experience in this type of episodes, delivered but to “I open open”that is, without defining the price that the buyer will pay for the merchandise. It is a way of not cutting the commitment to work with its customers, but neither is risking at an uncertain replacement cost.
There is also the case of some disseminated supplies where the price is directly dollarized. In that situation, there is not much left to discuss, the values were moving directly to the compass of the rise of the official exchange rate, which according to the average of the Central Bank ended Monday at $ 1,233, 12% above the end of last Friday.
The first impact on SMEs
Inside the chain, the worst part took the small and medium enterprises that they bought for a period of 30 days, and now They are receiving debit notes for “Exchange difference”. As told Scope Marcelo Fernández, president of the CGERA, many of their associates are invoicing the adjustment of the official dollar from the moment they issued the check to the collection date.
The situation is complex, Some SMEs have already delivered their merchandise at “old price” And now they will suffer a barefoot. Others find that market demand is not adequate and it becomes impossible to transfer that increase in prices costs, at least for now.
The Government expects a more moderate “pass Through”
That is precisely The Government’s commitment, that the passage at exchange jump prices is less than on other occasions. The Deputy Minister of Economy, José Luis Daza, said that this will happen because now “the macro is ordered” and there will also be a monetary validation for this to happen.
For the economic team, there should be no greater shocks in inflationary matters, although relative prices could be seen. However, Some companies in the plastic sector have already sent lists with 20% increases to their customers, also some companies in the plates and pipes highlighted at a rate of 15% and cardboard box suppliers rose 10%.
Logic is usually like this: first the wholesale prices jump and then the rebound is seen in the counter. Foods are still waiting. Some began to move timidly: cookies, sweets and flours. Late in Monday came a warning of oil producers and in the next few hours they could follow others. Now the bid between manufacturers and merchants begins. The supermarkets already warned: “We will not accept speculative lists.”
Source: Ambito
