This move occurs in a context where financial dollars come from scoring four strong raises in a rowand of hit 2-month highs above $300.
In other words, those who took advantage of the Settlements to one “soy dollar” that had as objective of accelerating the sale of this oilseed, their possibilities of access to the foreign exchange market will be restricted.
This measure announced by the Minister of Economy, Sergio Massa, which pointed to a special exchange rate to encourage settlements, promoted a “voluntary” adherence by exporters for which the slate value of the grain exceeded $53,000 per ton at the starting point, to more than $70,000, which represented an improvement of more than 32%. For producers, meanwhile, it meant an exchange rate of $200, a jump of more than 37% over the current official value.
The new exchange restriction for soybeans will be effective as of this Tuesday, September 20, indicated the monetary authority.
Source: Ambito
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