He agricultural sector It could generate additional exports for more than US $ 17,000 million in 10 years, according to a study by the Rosario Stock Exchange.
This amount is “a value comparable to that currently generated by the entire soy complex,” said Agmemod’s work (acronym for Agricultural Member State Modeling). The magnitude of this projected impact indicates that, if certain conditions are completed, the Argentine agriculture has the ability to add a “Second export complex” with potential to boost the national economy.
This productive and export jump would be reached under a specific set of assumptions, including key transformations in the sector. The projection arises from a new study of the Rosario Stock Exchange (BCR) that was presented last Friday at the headquarters of that institution.
To carry out this estimate, Agmemod Argentina was used, a “economic simulation tool” that was “adapted to the Argentine context by the Department of Economic Reports and Studies (DIYEE) of the BCR”.
AGMEMOD allows to “simulate long -term scenarios for agriculture” and “build medium and long -term scenarios combining multiple variables: infrastructure, tax burden, exchange rate and technological gaps, among others.”
The 2023/24 soy campaign closed with oil exports record
The SOJA CAMPAIGN 2023/24 in Argentina culminated with a highly positive balance, highlighting a record in soy oil exports and a notable rebound in flour offices. According to a report from the Rosario Stock Exchange, the soy complex will generate net income for more than US $ 16,100 million, which marks a milestone for the national economy.
This was pointed out by a report prepared by the analysts of the Rosario Stock Exchange (BCR), Matías Contardi, Blas Rozadilla and Emilce Terré. The study indicates that, throughout this campaign, which ended in March, Historical exports were reached in key products such as soybean oil. This sector registered a 70% increase compared to the previous cycle, which leads to a projection of 6.38 million tons exported, exceeding the 2014/15 record.
On the other hand, total soy flour exports of the 2023/24 cycle would add a total of 30.1 MT, marking a strong recovery of about 60% after the previous campaign affected by the historic drought.
Source: Ambito
