The Rural Federation said that the exchange rate gap is one of the unresolved issues of this government, but it also notes the lack of ideas for October.
He exchange rate lag remains a major concern for agriculture in Uruguay, and the agro-exporting unions They are calling for measures and proposals in this regard, in view of the national elections in October.
Even though the dollar The exchange rate has been stable in the 40 pesos range for several months now, but for the agricultural export sector it is still a low exchange rate that is detrimental to its business abroad. Based on the fact that they have already demanded a rate of around 45 pesos on several occasions, they continue to point to the exchange rate lag as one of the unresolved issues of this government.
“The situation of the exchange rate delay remains without news, we continue in the same macroeconomic diagnosis of what is happening regarding that issue,” said the vice president of the Rural Federation, Rafael Romayto VTV News. “Some small movement of the dollar that had more to do with a movement at an international level, but that does not change globally,” he added.
Another issue of concern among rural unions is the fiscal deficit, “It is currently very high, at 4%, which we really see as a number that is very alarming, and we do not see any proposals for change in this regard,” said Romay.
“We have to continue explaining that we have to try to address the issue structurally, because our lives depend on it. Uruguay “As an agro-exporting country, as a country that wants to enter the world and as a country that needs to start growing at much higher rates than we currently have. It is an issue that we see is not being fully addressed and it continues to worry us, unfortunately,” he concluded.
A five-year plan
For its part, although aligned with the general claims of the sector regarding the exchange rate delay, the President of the Rural Association of Uruguay (ARU), Patricio Cortabarría, He said that it was the agricultural sector that carried out “an important effort to reduce the inflation at levels that the country did not know before.”
“We understand that the effort has been made and it has cost the export sector quite a bit,” said Cortabarría in dialogue with Radio Uruguay and considered that the drop in the level of CPI affected “the whole tradable sector, not only the agriculture because the cameras have also complained.”
In this regard, he demanded a future plan from the presidential candidates to evaluate “how to achieve low inflation and at the same time ensure that this does not cause the tradable export sectors to end up seeing their income eroded or economic results”.
“The big question is how to continue. Uruguay It is a small internal market, there is no way to grow without it. international market and we must achieve this in a balanced way with justice for all,” insisted Cortabarría and asked to “talk about proposals for five years.”
Source: Ambito
