After the Rural Federation’s statement, economist Milton Ramallo assured that the sector has been in a critical state for two years.
The Rural Federation published a statement last week where they demanded a dollar at 58 pesos and expressed their concern about what they called the “eternal return” of the exchange delay in it Uruguay, which generates consequences that hit the field squarely; In coincidence, the economist, Milton Ramallo He assured that the sector is in critical condition.
“It is a problem that we have been dealing with for more than two years, it is an issue that previously worried us, and now we are in a critical situation in the conditions that the producer is in,” said Ramallo, one of the union’s honorary advisors. rural.
Compared to the last 20 years, Ramallo highlighted that they are in critical condition. “The data shows what we were thinking and what the producers they were transmitting to us: it is a deep problem for which we cannot find a solution, we are at an extremely critical level in terms of exchange between the dollar and the Uruguayan Peso, “The producer does not find resources to meet obligations in pesos, given the volume of foreign currency needed to meet the same expenses,” he assured Rurales de El País.
The solution is not very optimistic
Regarding the demand that the dollar be worth $58, the economist argued that it seems like a “simplistic” solution and that he does not expect the situation to change this year. “We do not see in the short term, and I am referring to this year, that the situation will change, because the supply of dollars is given in the economy, the conditions are given for this to remain as it is, and to that we add that UPM II “It will work normally, and it will add more supply of dollars.” he commented she.
Meanwhile, the economist commented that they had meetings with the president of the Central Bank, Diego Labatthe Minister of Economy and Finance, Azucena Arbelecheand even with the president of the Republic, Luis Lacalle Pou.
“We cannot simplify that the problem lies with the central bank“, which is simply another agent of the economy, which set itself the objective of controlling inflation, it does this with two tools: the interest rate and credibility, which is the internal struggle it has with the economy,” he explained. the specialist.
Source: Ambito
