Soybean dollar: how much does the Government’s proposal improve producers?

Soybean dollar: how much does the Government’s proposal improve producers?
  • 70% is sold at the official dollar and can be deposited in a bank at the link dollar.
  • 30% is sold at the official dollar and you can buy a savings dollar at $229.

If the proposal in dollars is passed cleanly, andThis implies that the operation looks like this:

  • 70% remains at official US$266 and can be deposited at sight.
  • 30% remains at US$114, which if it is sold at the official dollar at $130.6233 and with this product it is possible to buy dollars at $229.24, which leaves US$64.95.

In summary, the sale of soybeans is at US$266 official dollars and US$64.95 bills. But beware: since the producer has already bought the savings dollar for 90 days, he cannot buy the MEP dollar for 90 days.

Soybean dollar: how would the equation look in pesos?

  • 70% in official dollars of u$s266 if we convert it to pesos we have $34,746.
  • 30% in official dollars US$64.95 is sold for MEP dollars at US$322.5 and remains at US$20,944.

In total it remains at $ 55,690. The improvement in pesos is as follows: under this methodology it sells at $55,690 and the previous one at $49,637, with which there is a difference of 12%.

Conclusion:

The proposal is very cumbersome, and difficult to explain, therefore, it does not seem very attractive for those who are saving in the long term, a month ago these values ​​were higher due to a higher price of soybeans at the international level and less exchange gap.

This change benefits exporters, because producers earn an additional 12%, but they have to take into account the costs of commissions and taxes on bank debits and credits.

A simpler formula would have been needed, and without so many complexities. For example, lowering the withholding from 33% to 30% or 28% would have been more understandable and attractive. Ideological borders complicate the simple, and hinder positive results.

Source: Ambito

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